Skip to main content

Full text of "International Herald Tribune , 1994, France, English"

See other formats


i £ 


■ - -yr. - 

':. ,-V.^s 

S'^l 

■ >3 




,_" JVt t 

■‘ ' 

V'-.; *5 

■ ^- r -j 


!V!H’\i^ 
f I Ws'ri 



Tom Yaawifc* Agenor Fra^x-Pnasc 


Opposition lawmaker# cdchrating on Friday a the upper house of the Japanese Diet after the govcsnmenfs proposals for poGtkal change were rejected on a 13B-to-ll8 rote. 


By Stevea Erlangen'; 

-New Tor * TkKaSf^iot -. ■ 
MOSCOW — . Prime JVfini^' Vifadr S. 
Chernomyrdin told his newcabinet mi Friday ' 
that it must find ways' to help aifing industrial 
enterprises to increase their prodpctron, a dear 
indication of the goyenmaMir sdrift inprioritiis 

state ^m^nssia’s inherited bdsgnofhs. 

He urged ministers to try toayad confronta- 
tion with tbe newly elected padiaincit, where 
communists and natkHiaKsts wrinamher re- 


formers m the lower house, the State Duma. 

. Western diplomats and economists fear that ' 
Mir. Chernomyrdin's emphasis on stale support 
farmdNwtry mid agriculture, without the pres- 
ence of a strict finance minister, will result in 


Afterthe cabinet 


; shuffle, four scenarios for 

.Page 4 


spiraHng inflation by April, a collapsing ruble 
and reduced living standards. 

Aides to an otherwise silent President Boris 


N. Yd tan emphasized Us continuing devotion 
to “economic reform" and his need to compro- 
mise with political reality in forming the new 
cabinet, dominated by Soviet -era bureaucrats 
and managers, after the strong showing of com- 
munists and ultranationalists in December’s 
elections. 

A debate began to swirl around tbe culpabil- 
ity of Western nations and institutions in the 
perceived collapse of Western-style and West- 
ern-endorsed economic reform, symbolized by 
the resignations of Yegor T. Gaidar as econom- 


Gerti Tecw in Political Knots 


■■■ - 


By Ci^rig lL'WMtiiey •; 

-NpeYork'thtoSartox- i 

BONN — Attiiie start of an dotmOT'year that .wiD decide the 
fate of Chancellor Hebmit Kohl’s 12-year^Id conservative 
coalition government, Germanpolitics seo^ to be daggering 
around in drdes.. .: .. -- . y ' • 


Rather than deaBng quickly with the 
economic and social problems that folic 


(than expected 
B MtifiMti flB i o. 
atmo than ehd- 


They agree that budget cuts are necessary to reduce the 
country's growing defiats, that vote ^eoding increases that 
require more cuts. Tbry^ree.thm Germany should have a seat 
on the United Nations S«uiity^>unriil, tJmn d^J^ ineondu- 


svely whether German troops can take pan in peacekeeping 
- operations outride Germany. 

Recently, the subject has been whether to move the capital 
from Boon to Berlin, something West Germans swore for 40 
years that they would do when their country was reunited. 
After it finally was, in 1990, many poUticians had second 
thoughts. 

Although the parliament had voted then to make Berlin the 
capital again, opponents mounted a fierce rearguard action. 
TlwwmdudedRhmdaiKlersacxmstomedmrujmingihecoun- 
try, taxpayer groups that thought the cost of Sli bfltiou was 
loo much, and the Bonn branch of Mr. Kohl's Christian 
Democratic Union. 

Last mouth, Mr. Kohl's government said it would move, 
definitely, between 1998 and 2000. Last week, leaders of all tbe 


major parties in parliament met in Mr. Kohl’s offices and 
decided yet again to move to Berlin, between 1998 and 2000. 
Hus rime they really meant it — maybe. Another vote is 
scheduled in parliament for next week. 

The paralysis has not been total but sometimes close to h. 
While mQlions of asylum-seekers streamed into Germany after 
tbe end of the Cold War, the parties debated endlessly about 
changing the constitution to tighten eligibility for asylum and 
finally lurched to a decision last summer. Mr. Kohl's govern- 
ment managed a decision last year to send 1.700 German 
peacekeeping troops to Somalia, but it will withdraw them 
when U-S. forces leave in March. 

There is constant talk that the problems of dealing with far- 
right violence against foreigners, converting Eastern Germany 

See GERMANY, Page 4 


Hosokawa’s Future 
Called Into Doubt as 
Reform Vote Fails 


ics minister and of Boris G. Fyodorov as fi- 
nance minister. 

Mr. Fyodorov was particularly bitter about 
postelection comments by Strobe Talbott, the 
U.S. ambassador-at-large to the former Soviet 
Union and chosen to be the new No. 2 at the 
State Department. 

“He actually stabbed us in the back." Mr. 
Fyodorov, 35. said of Mr. Talbott late Thurs- 
day night After the strong showing of anti- 

See RUSSIA, Page 4 


By T. R. Reid 

Washington Post Service 

TOKYO — Prime Minister Moribiro Ho- 
sokawa and his ambitious plans for political 
change in Japan took a big step backward on 
Friday as the upper house of parliament reject- 
ed a legislative package designed to check the 
nation’s pervasive political corruption. 

The defeat left Mr. Hosokawa a week to try 
to patch together a compromise version of his 
plan before tbe current session of the Diet, or 
parliament, ends next Saturday. 

If be fails, it could be the end of the road for 
the highly popular prime minister and his sev- 
en-pan}' coalition government. Mr. Hosokawa 
has promised to “take the responsibility" if no 
legislation an political change passes this ses- 
sion. and that euphemism in Japan often means 
resignation from office. 

The turmoil comes just three weeks before 
Mr. Hosokawa is scheduled to visit the United 
States for a summit meeting involving the 
world's two richest nations. Mr. Hosokawa still 
plans to go to the White House on Feb. 11 for 
talks with President BQl Clinton, but nobody 
can say whether he will arrive in Washington as 
a political hero or a has-been. 

The vote on Friday wtD also result in more 
delay before the government can focus cm a 
stimulus plan aimed at reviving Japan's stag- 
gering economy. If tbe government was to fall 
and a new election was required this spring, 
business confidence and the stock market could 
lake another deep swoon. 

It was clear that Mr. Hosokawa had a tough 
fight cm his hands in the upper house of the 
Diet, but it was startling for him to lose by a 
margin as large as the 1 30- to- 1 18 vole recorded 
on Friday. In the end. 17 members of the Social 
Democratic Party broke with the prune minis- 
ter and their own party leadership to vote 
against Mr. Hosokawa's plan. 

Mr. Hosokawa was able to scare up a few 
votes from liberal Democrats and splinter par-’ 
ties, but he could not offset a defection that 
large. 

Socialists who voted against Mr. Hosokawa's 
plan said they did so because the new electoral 
system would make it harder for Socialists to 
win seats in the Diet. The liberal Democratic 
members who broke with their leadership to 
vote on Mr. Hosokawa’s side said they felt an 
obligation to get the long-standing issue behind 
them and move on to other issues, such as 
stimulating the economy. 

In effect, Mr. Hosokawa has held the econo- 
my hostage to his political reform plan, refusing 
to take action on an economic stimulus bill 
until the electoral legislation is passed. This has 
helped create pressure to adopt tbe electoral 
package, but obviously not sufficient pressure. 

Mr. Hosokawa. 56, who barely managed a 
smile three months ago when he gin his elector- 
al plan through the lower house, was equally 
phlegmatic on Friday as opposition parties rau- 
cously cheered their triumph on the floor of the 
Diet. 

At a news conference, he showed no sense of 
betrayal no anger toward tbe members of his 
coalition who voted against the electoral bills, 
instead, he noted that “the session is not over 
yet" and pledged to pass a “reform" plan in the 
week to come- 

Assessments of bis chances varied. One that 

See JAPAN, Page 4 


A Slow Pace 
On Rights by 
Beijing, but 
It May Suffice 

By Clay Chandler 
and Daniel Southerland 

H-’orti/igiMi Port Service 

BEIJING — Four months ahead of a 
crucial decision by President Bill Clinton 
on trade with China, authorities in Beijing 
are slowly taking minimal steps aimed at 
meeting U.S. concerns about human 
rights. 

The steps are halting, often ambiguous, 
sometimes unannounced, and they are 
likely to fall short of improvements tailed 
for by human rights organizations. But if 

NEWS ANALYSIS ~~ 

such steps continue they may ultimately 
supply Mr. Clinton with just enough to 
reject calls to punish China with stiff tar- 
iffs. 

In recent weeks, Chinese leaders have 
made several moves that have been wel- 
comed by Washington: 

Earlier this month, they released promi- 
nent Tibetan political prisoners in Lhasa. 
This week they began talks with the Inter- 
national Committee of the Red Cross 
about conditions under which it might be 
able to make regular visits to monitor 
conditions in Chinese prisons. On Thurs- 
day they told Treasury Secretary Lloyd 
Bentsen that they would permit U.S. Cus- 
toms to inspect five prisons alleged to be 
producing goods for export in violation of 

in addition. John Kamra. a U.S. busi- 
nessman who has helped secure the release 
of a number of political prisoners, said in 
Beijing that he hoped to sec others freed 
before the lunar New Year festival which 
begins next month. 

Taken together, these moves amount to 
incremental rather than fundamental 
change in China's policies on human 
rights. Hundreds of protesters who partici- 
pated in tbe demonstrations for democra- 
cy in Tiananmen Square in 1989. along 
with several hundred Tibetans who sup- 
ported independence, remain imprisoned. 
Beijing continues to impose strict controls 
over the press and expression. 

Thursday, Mr. Bentsen and J. Stapleiou 
Roy, the U.S. ambassador to China, hailed 
the inspection agreement as progress. "1 
trust tiial this pattern of cooperation will 

Sec CHINA, Page 4 






-s'O $».. 


Assad’s SonDies 
In Auto Accident 

Based Assad, 33; tbe eldest sbhef Presi- 
dent Hafez Assad of Syria, was ItiQed early 
Friday in an automobataaadent outside 
Damascus. «: 

Mr. Assad was widely rumored within Syr- , 
ia as a successor to Ms father. (Page 2)-“ 

Torvill and Dean . 

COPENHAGEN (AF) -v Jayne TOrifll ■ 
and Christopher Dean oTBritam xaptnred 
the ice dancing title at the European Bgure r 

Skating ClampkHish^w on Friday in one-re ■ 
the closest finishes iff the event The pair, 
finished second in the free danoehot won the." ' 
championship over Oksana Griischuk arid 
Evgeni Platov of Russia. : ; 

£arR*r artkIe, Tast 19 

Money Report 

p«*r whw marisetsfor 1994mia beyond* exec- . . 

vow ^dotation pay 

corporate costs. FagpS l4*17 k - . 


Book Review 
Crossword ■ 
Weather 


m z*- 52 

P. 3314.4a 

The Doliar 

M^MVMfcT - - 




Japan’s Economy: From Ideal to Chaos 


.11546 


fttdb— 
1.7542' 
■1A927' V' 

&35S5. 


Mtusdosg 
, 1,7376 


Ttt.365 
•; £9125 


~~ n fcw&s*nit<f Prices 

AiKJorro.-.-'.W» FF JUn«n*6ura U Jr 
An«SS.-^TI JD FF' 

, ancFAQotar- B -°° Rtals 

Egyp^..-. E - p - 5mkJl Arobta. -9J» ft. 
France. ....^F£ s«iegor..;,.«DCFAT 

Gabon. 960 CFA Spofa ^ J2S0*?TAS 

Greece.— i.. .300 Dr.-- TwiSsfa.._1.00fl Dirt- 
Ivory Coat .LUO CFA Turkey.-XL- 12400 . 
Jordon A JO u JCE. — .SJapirti 

Lebanon ,-USSl.Sfr US. MIL (ger.)-Sl.TO 



ok Odper/Tlia: Aaocuiod Pr» 


MAKESHIFT LIVING — A woman ami her dsnditer hnddfing in a tent in a park in 


By James Stemgold 

New Vorfe Times Service 

TOKYO — Many of the world's financial 
markets have recovered from a decade of excess 
in which problems were often measured in 
billions, or even hundreds of billions, of dollars. 
But Japan is now coping with an even more 
awesome debacle: the loss of at least S6 trillion 
from one of the steepest plunges in stock and 
property values of this century. 

And it is not over yet. Tbe markets are just 
marking the anniversary of a crash that has sent 
stock and real estate prices down more than 50 
percent, with no dear signs yet of a recovery. 
The rejection by parliament on Friday of Prune 
Minister Moribiro Hosokawa's political reform 
initiative will only serve to push that day fur- 
ther away. 

The decline offers both insights into the Jap- 
anese financial system and puzzles that add to 
the uncertainty over Japan's troubled economic 
future. 

When the markets fust began their tumble in 
early 1990. some analysts predicted that the 
decline could ripple through financial systems 
around the globe. Yei with Wall Street and 
wm European markets reaching new highs, 
those fears have proved overblown. 

Even in Japan there has rarely been even a 
whiff of panic. 

Nevertheless, analysts say, while tbe govern- 


In -Kurdistan , 9 a Dream Takes Shape 


;• :: ■ . By John Damton 

New Yerk Times Serricr 

■ : ARBIL,lraq — High in the treeless plateaus and snow-capped 
mountaim'Of Tiorthcrn Iraq, Kurds are rebuilding their devastated 
towns sad villages and (hawing them together into a de facto state 
that stops just short of natioorood. 

- Almost three years after they rose up in the wake of the Gulf War 
..and were crushed by the forces cffireodemSaddam Hussein, close to 
,4 jttdKtia Kurds 1H« an autreiomoes, but precarious, existence. 

They arc .dependent on $145 million m annual emergency aid 
through the United Nations. Their lives are shielded by U.SL, British 
and rreach planes that By daily over a protected zone, north of tbe . 
36th parafla tp keep Iraqi troops at bay. And they are beset by 
internal strains arid divisions, including a fundamentalist Islamic 
‘ moveincat said jo be sponsored by Iran. 

Neighbors on aQ sides, including Syria, Turkey and tom, feel 
threatened by (heir own Kurdish minorities, and so a strong indepen- 
dent, Kurdish State whose borders are internationally recognized is a 
long way from reality. 


Stifl, the nascent quasi-state of “Kurdistan," a dream of tbe 
Kurdish people for 75 years, is inexorably taking shape 

Tbe Iraqi Kurds have an elected parliament evenly divided between 
two rival parties. They have kept 24 hospitals and smaller dimes 
running, depjie shortages of drugs and spare parts for machines. 
They have a court system, a police force, mid a 36,000-$trong army 
formed from an uneasy merger of the two main groups of guerrilla 
fighters. 

They run nearly 1.500 primary and secondary schools and have 
added a second and a third university. Some instruction is in the once* 
forbidden Kurdish language. 

“We are proud of oar achievements so far, but we stiu hve under 
mortal threat from the Iraqi troops." Massoud Barzani, the 47-year- 
dd tribal leader and head of the Kurdish Democratic Party, said in a 
recent interview. 

He listed die Kurds' problems. There is the double embargo, 
phoning the international sanctions imposed against Iraq and within 
that an internal embargo bv Baghdad to undenmne the Kurds’ 
economy. In addition there is “the terrorist campaign bundled 
3ee KURDS, Page 4 


meat has taken a series of steps to dampen the 
effects of the crash, those efforts may have only 
stretched oat tbe problems. 

To give a sense of the dimensions of the 
crash, the American savings and loan crisis may 
end up costing about $350 biHioa. Tbe Third 
World debt crisis appears to have cost banks 
less than $150 bilHon. 

Some economists argue that the heavy-hand- 
ed means the Japanese government has used — 
like pouring cash from government pension 
funds into the market, pressuring big investors 


not to sell shares and concealing the full impact 
of the debacle on banks from the public — may 
have staved off an abrupt collapse, but at a 
huge cost that may undermine the financial 
system. 

Japan’s large commercial banks have been 
unable to lift the economy out of its recession 
because they have been so battered by a mount- 
ing (oil of bad loans. 

And many companies that poured their extra 
cash into securities investments in the boom 
See CRASH, Page 4 


Lorena Bobbitt Acquitted 

She Is Held for Mental Observation 


Complied try Owr Staff From Dupaidies 

MANASSAS, Virginia — A jury found 
Lorena Bobbitt not guilty by reason of in- 
sanity era Friday of a “malicious wounding" 
charge for severing her husband's perns, 
heeding her plea that she bad been driven 
mad by years of abuse. 

Mrs. Bobbitt, a 24-year-old Ecuadoran- 
born manicurist, showed no emotion as the 
verdict was read at the culmination of a 
sexual mutilation uiaj that had been tele- 
vised and watched by millions of viewers 
worldwide. 

"“Wc the jury find the defendant Lorena 
Lenore Bobbitt not guilty of malicious 
wounding as charged in the indictment, by 
reason of insanity," a court official said in a 
sonorous reading of the dry legal words that 
meant in human terms that Mrs. Bobbitt — 
and not her husband, John Wayne Bobbitt, 
26 — ■ was viewed as the greater victim. 

In the end. after seven days of often lurid 
testimony and gory evidence and about sev- 
en hours of driibtration, the jury of seven 
women and five men accepted the defense 
argument that Mrs. Bobbitt had acted is tbe 
gnp of “irresistible impulse" — in effect, 
temporary insanity — when she severed her 
husband’s penis with a kitchen knife on June 
23. 

The trial judge ordered her held for up to 
45 days observation at a mental health futili- 
ty because of tbe temporary insanity finding 
— but she had escaped the shadow of the 
five-to*20 year prison term that a conviction 


might have brought Mis. Bobbitt was led 
off in temporary custody to a menial institu- 
tion. 

Mrs. Bobbitt admitted she had cut off the 
penis and tossed it from her car as she fled. 
A policeman found tbe member and rushed 
it to the hospital where Mr. Bobbin had 
been taken. 

Surgeons reattached tbe penis, although 
doctors say the extent of Mr. Bobbin's re- 
covery remains to be seen. 

The defense had contended, over strenu- 
ous prosecution objections and denials from 
tbe husband, that Mrs. Bobbin had been 
driven mad by years of abuse that, she 
claimed, culminated that evening in a mari- 
tal rape. 

A jury last November acquitted her hus- 
band of marital rape on the' night in ques- 
tion. Bui the prosecution in this case made 
little of that point and argued she had acted 
is calculated anger against her husband. 

Prosecutors said Mrs. Bobbin was a 
vengeful wife who attacked her husband out 
of anger. The prosecution said Mrs. Bob- 
bitt’s Self-defense argument was not valid 
because Mr. Bobbitt was asleep when he was 
mutilated. 

The prosecutor, Paul B. Ebert, raid after 
the verdict that he has “a certain amount of 
sympathy for Mrs. Bobbitt, but that doesn't 
justify what she did," 

“Hopefully, if she needs help, she will get 
it," Mr. Ebert said. (Reuters, API 







1 I ISg If, 



I 


._/L_. 


•m* 




New York’s Homeless Prefer Glacial Streets to Shelters 



WORLD BRIEFS 


By Matthew Purdy 

New York Tima Service 


NEW YORK — In the bitter 
cold of night, the lights in the win- 
dows of Leggiadro, a boutique on 
the fancy upper readies of Madi- 
son Avenue, cast their glow on $40 
tights, cashmere leggings and on 
Fred Narddla, a man wrapped in a 
green army surplus blanket who 
was trying to get some sleep in a 
cardboard box. 

The deep-freeze gripping the 
Eastern United States has made 


-•S': 




.?* : 



['pp? Pi V ' -:+\ ■. V •!' ' ‘ . .'.Vs r 

psinlRa^ ,. 

- ; P" : 


“They’re too crowded*” he said 
They're too fuRA couple of guys 
got robbed. Some guys got 
stabbed.” 

Mr. Nardetla said be worked for 
a catering company and sometimes 
slept at the company’s budding. 
But most of dm time be is on the 
street, where his array of winter 


Powerful Quake Hite Moluccan Isle 

JAKARTA (Reams} — At least 
®“ a ^ «rtoroate ^ 


IdBed 

on 

residents said. 

Agency said the quake 


venturing out , 

en many homeless people who usu- 


ally live on the streets into shelters. 
Mr. Nardella and others asleep 


»2r, m *»■ 

tl * : 

Ipu^ ■■■p-h - mm 
Ilf ■ . ; 


along Madison Avenue just after 
midnight Thursday were a remark- 
able sight. They were odd noctur- 
nal visitors on the doorsteps of fine 
shops in an elegant neighborhood. 

A man whose head stuck out of 
his boa like a rank driver’s was 
asleep at the Hilde Gcrsi Gallery 
□ear 62d Street On the next block, 
one person was sleeping in front of 
a ladies’ sleepwear store called 
Amor Perfdto and another was un- 
der a window displaying sOk ties at 
Addison on Madison. Further up 
the street a man was asleep in from 
of a store advertising Waterford 
and Wedgcwood. 

It is not by chance that Mr. Nar- 
della and others choose Madison 
Avenue over homeless encamp- 
ments along the rivers in lower 
Manhattan. Just as with those who 
live or have businesses in the neigh- 
borhood, the homeless are drawn 
there by its safety and relative 
calm. 


g - i;:r pi .m mS ; $■ . 

" H; : ' ' ' K 

l’"’ tv* ’ •‘.l? Mi* 

— . -"*-s***-^ . “ i>:'. 

■<T^V:vT.iv: " .. . ..+■ — -4.- • '■ 


X -IT: -T**: 




m.'r*. 




KbivtflnB 

Ice rhtmkK in the Hudson River testified to weather condhkms Friday in New York. Some respite is predicted for the weekend. 


to keep him comfortable — but not. 
on Thursday night. . 

■ Weekend Promises Relief 

The mercury in much of the 
United States took a final dip be- 
low zoo degrees Fahrenheit (minus 
18 centigrade) on Friday before an - 
l “thaw," The As- 
sociated Press reported. Tempera- 
tures in the East and Midwest 
should reach the between 20. and 30 
degrees. Fahrenheit (minus 6 and 
minus 1 degree centigrade) by the 
weekend. 

At least 130 deaths have been 
attributed to the odd ware since 
last , weekend. Many-died in icy 
road crashes, some suffered, heart 
attacks while shoveling snow and 
others froze to death, . 

The coldest spots in the lower 48 
states were 'in the Northeast and 
Midwest early Friday. At 4 A^L, it 
was minus 46 degrees Fahrenheit 
(minus 27 centigrade) in Albany, 
N.Y„ and in Indianapolis. 


■ "V/ ^ f-- — - - - nu m 


UOU IJCOCUV «u — .r.j 

CAIRO (Reuters) — The Arab league 
40-year-<iki boycott rf Tsrad at a meeting of «s 

Abdd Megind, m Ttaisday rngb^ssud be trad seemed a oomm^oj 
that the League would .amsder lifting its boycott of drird-coontry 
rooroaniesV^m^ jn tte Jewtsh state. — ; ; ; 

^Adocision wfflbe made at the March mmisienalmee gng wte tiw or 

take a collective dedann on whdhctor.not to lift its bojeott of ubto- 

ry^rnTT y crwr yani es with MuMiiwnW »fi- tte Jewish Slate. 


“It's quiet," Mr. Nardella said. 

“You have the cops around aD the 
lime." 

As the temperature sank to I 
degree Fahrenheit (minus 17 de- 
grees centigrade) — a record low instincts against 


for the second straight day in New 
York City — the bundles on Madi- 
son Avenue were part of a loose 
community of homeless people 
who would rather pit their survival 
the elements than 


against dangerous city shelters. 

Although many homeless people 
responded to the cold by heading 
indoors, city officials said almost 
2,000 fewer people were staying in 
number 


shelters this 


than the m 


who regularly stayed two years ago. 

Mr. Narddla, who has been 
homdess since his apartment in the 
Bronx burned down six years ago, 
said he preferred the street because 
shelters “are not quiet” 


With the mercury at about 8 de- 
grees Fahrenheit (minus 13 centi- 
grade) in New York City, a water 
□Mm break on Friday morning sent, 
water gushing into the Brooklyn- 
Battery Tunnel, tnairing the 
between Brooklyn and 
impassable. 


Military’s MIA Team Backs End to Hanoi Embargo 


By William Branigin 

Washington Post Service 

MANILA — As the United States steps 
up efforts to account for Americans missing 
in the Vietnam War, the U.S. military com- 
mand in charge of the search has concluded 
that the mission would benefit more from 
lifting an economic embargo against Viet- 
nam than from maintaining it. 

Admiral diaries R. Larson, the Hawaii- 
based commander of U-S. forces in the Pacif- 
ic, said that aiding the 19-year-old embargo 
would give him an “operational advantage" 
in ratT-Sing for Americans listed as missing 
in action in Vietnam. 


Getting more Americans “investing, trav- 
eling and participating" in Vietnam, be; 


:said. 


“will give me a network of information that 


will obviously help me to leant about the 
past, the present and perhaps the future." 
The admiral was speaking following a three- 
day visit to Vietnam. 

Although Hanoi has pledged to continue 
working to resolve the MIA issue as a hu- 
manitarian concern regardless of the embar- 
go. Admiral Larson armed, “it is also clear to 
me that a step forward by the United States 
would be well received and could not help 
but maintain or improve our good level of 
cooperation." 

Washington imposed the embargo on 
North Vietnam 30 years agp and extended it 
to the entire country in 1973 after Commu- 
nist forces toppled the U-S.-backed South 
Vietnamese government 

Vietnamese and UJL officials and busi- 


nessmen say the embargo no longer gives the 
United States mu ch, if any, leverage in Ha- 
noi. Washington has already lifted its objec- 
tions to multilateral tending to Vietnam, al- 
lowing billions of dollars in loans to start 
□owing, and Vietnamese authorities are 
dealing with investors, traders and financiers 
from a growing list of interested countries. 

At present 2^38 Americans are listed as 
unaccounted for in Indochina from the war, 
erf which 1,647 are missing in Vietnam. 


made tics, The Associated Press repotted 
from Hanoi. 


The leader of Vietnam's Communist Party 
told a national conference Friday that the 
country was making progress in getting the 
United States to restore economic and tfiplo- 


States to lift the embargo and normalize 
relations with Vietnam has made certain 
progress," said Do Muoi, the party general 
secretary. 

It was the strongest statement by any 
Vietnamese leader to date concerning the 
embargo and came amid reports that Presir 
dent Bill Clinton wffl decide soon whether to 
ea_« the sanctions or lift the embargo alto- 
gether. 

Mr. Muoi did not elaborate on the pro- 
gress he cited but presumably was referring 
to favorable impressions Vie tnam made on a 
series of visiting U.S. delegations during the 
past two months. 


Assad Son 
Is Killed, 
Confusing 


Jackson Said Ready to Settle Sait 

. LONDON (AF) — Michael Jackson has tentatively agreed to pay 
up to 549 miffion to the hay, 14. whohas accoted him of sa abuse so 
that the toy wffl drop his lawsuit, a newspaper reported Fn&y. 

The London tabloid Today said the bay signed a confirtaSMl 
mtwfm contract agreeing to the put-of-court settlement^ Mr. Jack- 
son's attorney, Howard Writzman, hung up on The Associated Press 
yhm at Ws home Friday. Addj t k awl attem p ts to reacb him 

fail*! * - ■ .. 

The paper said that lawyers, for both sides were drawing up- 
psperwork to ensure- that ^the civil trial will hie dropped. It said the 
settlement could fall through unless there is. agreement on afl the 
tams. The anger, 35,-is accused in a ov3 suit at molesting the boy.' 1 
Mr. Jackson denies any wrongdocig. 


Belgians Quit in Corruption Scandal 


BRUSSELS.^ — A 
political victims rriaay 


Succession 


By William £- Schmidt 

Ntw York Tunes Service 

Based Assad, the eldest soda of 

President Hafez Assad of Syria and 

widely rumored within Syria as a 
potential successor to his father, 
was kQted early Friday in an auto- 
mobile accident outside Damascus. 


the Senate had lifted their pariramentaiy immunity. 


Correction 


U.S. Warns Korea of ‘Alternatives’ on Inspections 


Compiled br Oar Staff From Dispatches 

WASHINGTON —The United 
States urged North Korea on Fri- 
day to accept international inspec- 
tions of its nuclear sites and warned 
that Washington would consider 
ansperilled “alternative means" if 
Pyongyang refused. 

The statement came after talks 
between North Korea and the In- 


ternational Atomic Energy Agency 
ran into new problems. 

“We certainly would like North 
Korea, and we urge them in strong 
terms, to accept the required IAEA 
inspections as soon as possible," 
Christine Shelly, a State Depart- 
ment spokeswoman, said. 

North Korea agreed in principle 
with the United States two weeks 
ago that inspections of its seven 


declared nuclear facilities could re- 
sume. But the United States left 
North Korea to work oot the de- 
tails with the United Nations atom- 
ic watchdog agency. 

When the agency laid out its re- 
quirements, Lbe North Koreans 
balked, saying there were a number 
of items on the agency’s fist that 
would not be allowed. 

Agreement on the inspections 


was supposed to have paved the 
way for a new round of talks be- 
tween North Korea and the United 
States on two other nuclear sites, 
where Washington suspects that 
Pyongyang has been developing 
nuclear weapons. 

But Ms. Shelly said there would 
not be another round of U.S. nego- 
tiations with North Korea if it aid 
not allow the UN inspections. 


President Bill Clinton said 
Thursday that it was now dear a 
nuclear program in North Korea 


was m pi 

are divided cm the question of how 
far North Koreans have gone in 
developing nuclear weapons," Mr. 
Clinton said. “But everybody 
knows they axe hying to.” 

Mr. Clinton nkdged to keep 
pressure on North Korea to honor 


RELIGIOUS SERVICES 


AMSTERDAM 


FRANKFURT 


DARMSTADT 


CROSSROADS WTERNATTONAL CHUR- 
CH lrtenJt*xxniT®onal & Evangeical Sun- 
day Setvfae 1030 am / Kkfc Wfefccma. Do 
Cuswstraal 3, S. Amstadam Wo. 02940- 
15316 or 02S0G-41399. 

MADRID 


CHURCH OF CHRIST THE KING 
(EptropetfAngtoilSuv htolyCorT¥TX j nicn9& 
1 1 am SuxJay School and Nusay 10:45 am. 
Sebatan Rkiz SL 22, E0Q23 FnrfcMi. Gema- 
ny, U1. 2. 3McM*Aloe.TtiL 49*9550184. 


DARMSTAOTVSERSTADT BAPTIST MS- 
90N. Btote study & Worstip Smday 1030 
am. Sfa tSue&o i Da-Ebed a d, BuwtfieWr. 
22. Bfcle study 930. unship 10-45. Pastor 
■An Webb. Tel: OBI 5&G00321& 


UNITARIAN UWVEKSA11ST5 


GENEVA 


NTERNATIONAL COMMUNITY CHURCH 
COtogb 5 Paver*. Bavo MWo 85. 28003 
MaoxL Worship. 1030 am Rev. James 
’Thomas. Tel: 8585557, 


DUSSELDORF 


EM4ANUEL CHURCH IsL 3nl & 5Bl SUL 10 
am. Eucharist & 2nd & 4th Sun. Morning 
ova. Sn# 


MILAN 


ALL SANTS CHURCH I 
duing lostotafai wi mat at ’ 

Mfeno h Ihe Chapel d V» Oraoine VwthJto. 
Holy Communion Sundays at 1030 and 
VfeUmGday a 1 1930. Suxay School Youti 
Pc*o«3hp. Credie. Cotfee, study grafts, and 
conmrty adwtoes. A> are tiRKomel Cal 
(02)6552256. 

MUNICH 


Piayw.3iuadeMontnBi.1201 Genova, S 
znrtand. TeL 4 V22 732 80 73. 

MUNICH 


THE CHURCH OF T>C ASCENSION, Sul 
1145 am SeybotEtrasse 4.81545 Munich 90. 
Germany. Tri: 4989 611 5520. 

ROME 


NTERNAHONAL BAPTIST CHURCH Erv 
gfish. ba 1030. worahfc 1135. ChJUerfs 
dwchfflidnuswy. Meets at the Ma i amt 
School. Leuchtarcuper Khdwreg 2D-Kai- 
serswertL Rtendy tekwv^i. Al dertomira- 
Uons welcome. Dr. WJ. Delay, Pastor. 
TaL0211A»0157. 


FRANKFURT 


ST. PAUL’S WUHN-TV€ -WALLS. Sul 830 
am. Holy Eucharist RBe t, 1030 am Choral 
Eucharist FBe R; 1030 am Chudi Schod tor 


INTERNATIONAL COM4LMTY CHJRCH, 


Evangeical. Btite Befevina. service n EtW- 
tfi 4rf5pm Sundays al BtuberStr. 10 (U2 
Theresenslr.l (089} 9345 74. 


cNdran & Nunery care pmuded 1 pm. Spani- 
sh Eucharist. Vra Napoli 58. 00104 Rome. 


Therestonse.) (069)1 

MONTE CARLO 


Tel: 3WB 488 3339 or 39S 474 3569 

WATERLOO 


INTI. FELLOWSHIP, 9 Rue Louis-Notaft. 
Sunday Worship 11:00 & 6 p.m. 
TeL 92.165630. 

PARIS and SUBURBS 


HOPE NTERNATTONAL CHURCH (Evan- 
aefeal). Sul 930 am Hctel Orion Metro 1 : 
ispteYXto de La Defense. TeL: 47.735354 
or 47.75.1437. 


ALL SAINTS’ CWRCK 1st Suv 9 & 11:15 
am Holy Eucharist vrih Chattel's Chapel at 
11:15 Al oter Sundays 11:15 am Hota Eu- 
charist and Sunday School 563 Chausseeda 
Louvain, Ohaa Belgium TeL 332 384-3555 
WIESBADEN 

THE CHURCH OF ST. AUGUSTS OF CAN- 
TERBURY. Sul 10 am Famfly Euchanst 
Frartduter Strassa 3. VMesbadOL Gernany. 
TeL 4381 130 6574. 


INTERNATIONAL CHRISTIAN FELLOW- 
SHIP EvaraaSsctvFteiarchiche Gemende. 
Sodenete. 1 1-15 6380 Bad H un h um pho- 
ne: 06134-23278 or 06196643350 serving 
Ihe Fruadurt and Tauius areas. Germany. 
Sunday worship 09:45 nursery + Suiday- 
school 1030. woneris creto - Friday 0930. 
Hcueegmpe - Suiday + Weetesday 1930. 
Pastor M. Lavey, menter Euopeai Baptist 
ConverMcn. "Dodara Hs glory amengst ihe 
radons.' 


UKRTAR1AN UNJVERSAU5T teJtowahipB & 
contacts n Euope ndudec 
BARCELONA: (03) 3149154. 

BRUSSELS TeL (02) 6800225 
FRANR HMTWEiBA BPfc (06126) 72109. 
QBEVA/BERH: (022) 7741585 Ned mee- 
ting: 23 ian. Bam O 11. am 
HDELBERQ: (06221) 78-2001 or (0621) 
58 1715 

1(061)891-0715 
: (0821) 47-2465 

: 1071) 14-0985 

NURNBERQ/FRANCONlAi (0911) 
46 7307. 

PARIS: (1) 42-77-96-77. 

ZUHUHfWM I UtlKUB (082)2137335 
^(ffiij-swm 


ASSOC OF HSTTL CHURCHES 
IN EUROPE &MBJEAST 


BETHEL INTERNATIONAL BAPTIST 
CHURCH. Am Dachsboig 92, Franldu! aM. 
Sunday vwrsNp 1 1 30 am aid 630 pm. Dr. 
Thomas W. W. pastor. TeL 089648550. 


HAMBURG 


SAINT JOSEPH'S CHURCH (Roman 
Calhotej. Masses Satuday Everwn 530 
p.m.. Sunday, 9:45, 11:00. 12:15 and 


630 p.m. 50. avenue Hoche. Paris Btti. 
TeL 45272835 Me&o: Charles de Garito - 


EUROPEAN 

BAPTIST CONVHrfTION 


INTERNATIONAL BAPTIST CHURCH 
OF HAMBURG meets at TABEA FEST- 
SAAL AM ISFELD 19. HamburgOstdcri. 
Bbto Sajdy at 1 1 30 & worship at 1 230 each 
Suiday. TeL 0401820615 


BERLIN 

AMERICAN CHURCH IN BERUN, cor. of 
Gay AflaaS Pstsdamer 9tr, SS. 930 am, 
Warshpll am TeL 03081 32021. 

BRUSSELS 

THE INTERNATIONAL PROTESTANT 
CHURCH OF BRUSSELS. Suiday School 
930 am and Chuch 1045 am KaOantiera. 
19 (at the im. School). Tel: 673.05.81. 
BusSB.Ttam94 


COPENHAGEN 

NTERNAT(Ct4AL CHURCH cf i _ 

27 Fanereada Variov. near R»ul Stody 
1515 & 1130. Td: 31624785 


BARCELONA 


HOLLAND 


•VINCENT VAN GOGH'S SPIRITUAL 
JOURNEY" Unterian UniversaSst Wbretvp 
servioa wth Carolyn Boyte-Tuner at 12 noon. 
January 16, Foyer de fAme. 7 t». rue du 
Pastte-W&syier. Paris 11*. M- Basfte. Fdlo- 
wodbyattomoan vistof MaOedu Prieu6 in 
SL GenraberHaye. ReSgious edueshen tor 
leers aid ch*teL ChM care. Medteferr and 
spriual growth groups. Social acWfes. For 
iT fa nn ato i cal 43795937 or 42.7756.77. 


FAITH FELLOWSHIP INTERNATIONAL 
meals at 1600. Bona Nova Barfs! Church 
Caw de la CUal de BaSaguer 40 Pastor 
Lance Borden. Ph.410-1661. 


TTMTY BAPTTST SLS. 930. Wbrshp 1035 
nursery, warm fellowship. Meets at 
Btoemcamplaan 54 in Wassenaar. 
TeL 01751 -78024. 


FRANKFURT 

TTWJTY LUTHEMN CHURCH 
ASee 54 (U-Sahn 5). Suiday School 
vrcchc 11 am TeL 1069) 399*75 


STRASBOURG 


ST. ALBAN (A n^can) al lE^se des Domnr- 

cans. Eutarist 1030 am comer BW. de ta 
Victors A rue de rtJnnersif5 Strasbourg 
(33)88350345 

TOKYO 


BERUN 

II4TERNAT10NAL BAPTIST CHURCH. 
BERLPL Ftothenbug S». 15 (SJegtoL Bfcte 
study 1045 worshp al 1250 eoch Sunday. 
Charles A WarfonJ. Pastor. TeL: 030-774- 
4675 

BONN/KOLN 

Tl® INTERNATIONAL BAPTIST CHURCH 
OF BONN/KfllN. Rheriau Ehasse 9. WSh. 
wor ship 13 0 pm Cahrin Hogue. Pastor. 
TeL (02236) 47021. 

BRATISLAVA 


MOSCOW 

INTERNATIONAL BAPTIST FELLOWSHIP 
Mea e ng 1105 Kno Cteer Buk5ng 15 Ouz- 
Druzhirrtcovstaya UL 5to Floor, Hal 6, Metre 
Stahn Barrkarteya Pastor Brad Stamey Ri. 
(09^1503293. 


GENEVA 

E*7. LUTHERAN CHURCH of Geneva 20 
rue Vtsriaine. Sunday worship 535 n Ger- 
man 1 1JJ0 n Engfeh.'Tet R22) 3105089. 


LONDON 

PMErCWM CHURCH n Londan al 79 Toi- 
torham a Rd. WL Worsho at 955 SS al 


MUNICH 

INTERNATIONAL BAPTIST CHURCH OF 
MUNICH Hofestr. 9 Engbh I 
vices. BMe study 1500. Wotshp 1 
1735 Pastors phone: 6908554. 


10.00 am. Sung worehfe al 11 am Goodge 
rf 071 -580 2791. 


Ser- 


ST. PAUL INTERNATIONAL LUTHERAN 
CHURCH, near hdaba^s Stn. TeL 3261- 
3740. Worship Service: 930 am Sundays. 


Btte 


TOKYO UNION CKJRCH. near Onrlesart- 
do subway eta. Tel 340500*7, Worahf) ser- 
vees Suiday 830 & 11 30 am, SS at 9645 
am. 

VIENNA 


PaEsady Baptist Chuch Zmskeho 2 1630- 
1745 

BREMEN 


VCM4A CHft&fWN CENTEa A CHARIS- 
MATIC FELLOWSHIP FOR VIEKNAS IN- 
TERNATIONAL COMMUNITY, * English 
Language ’ ltv&4&ncnto a ton a l, meets at 
1 17. 1170 Vem 630 pm Every 
l EVERYONE IS WELCOME For 
more rtam te an cat 43-1-318-7415 


INTERNATIONAL BAPTIST CHURCH (Erv 
gfieh tankage) meels a Evargefcti^rete' 
chflch Kreuzgememde. HohenkFiestiasse 
Hwrnanrv0w-5tr. (aoutJ ihe comer ten 
KM BahrfW) Sunday worship 1730 Ernest 
D. Write, pastor. TeL 04791 -12877. 
BUCHAREST 

INTERNATIONAL BAPTIST CHURCH. 
Strada POpa Rusu 22. 330 pm Cores! Bl 
Richadscn.TeL 01591-61. 

BUDAPEST 


PARIS and SUBURBS 

EMMANUEL BAPTIST CHURCH. 56 Rue 
des Bons-Raisins, RuelFMalmaison. An 
Evangeical Church tar the engfeh speakng 
community located In trie western 
subuteSS. 545; Worship: 1045. ChMraTs 

Church and Nusery. YoUh mtnctriea Dr. B.C 
Thomas, pastor. Call 47.5139.63 or 
47 j 49.1529 tor iniermrfon. 

NTERNATTONAL BAPTIST FELLOWSMP. 
630 pm. 123 av. du Mare. Mo Gate. New 
tie Tour Mnpamasse. TIb ever« saraoe 
o( Emmanuel Baptist Church. Call 
473129.83 or 47.49.1525 


SLTrfeTeti 

MOSCOW 

MOSCOW PK 3 T 5S TWT CHAPLAWCY, 
UFDK Hal UL UUri Priane 5 tofclg. 2. Wor- 
tfip 9 + 11 am S3. TriL 14&3582. 


OSLO 

American USheran Chumh, Frtzner sg L 15 
Worship & Suiday School 10 am. 
TeL lag 44 SB*. 


PARIS 

AMERICAN CHURCH M PARIS. Worst- 
1130 am 65 Owi dOsay, Paris 7. &J3 1 
to doer, Metre Mrnatearceai or InreSdes. 


PRAGUE 


STOCKHOLM 

l&fi4AriU=L CHURCH, Worship Christ in 
Swedish. EngGtoi. or Korean. 1130 am. 
Sunday. Brrper Jarteg. at Kunaslensg. 
17. 46:08 / 15 1? 25 x 7Z7 fir more 
rtoinrfun 


THE EPISCOPAL CHURCHES 
OF EUROPE (AngSwn] 


Irtemrfonto Barfsl Frfowship.aBirrtou.S8 
(man erttutre Tapofcsan^ a 7, 


tMhnd tel erfancel. lOaOBttosWN. 
“fc 1156115 


inte mA o na i BapriM rel o w ah ea meets a tm 
Czech Baptist Church Vinohradsira « 63. 
Prague 3. Al metro stop Jfrfnz Podcbrad 


Sunday a.m. 1130 Pastor Bob Ford 


PARIS and SUBURBS 

= AMERICAN CATHEDRAL OF THE HO- 
TRMTY. Sui 94 11 am 10 am Sun- 
i School lor cMdren and Nursery earn. 


d Suiday 5 am Evensona 23. avenue 
--- — B. TflL 33ri 4720 1795 


mg V. Pans 75005 TeL„ 
ns George V or Alma Marcoao. 

FLORENCE 
JAMES’ CHURCH Sin 9 am Rte 1 4 
a.m. Rite II. Via Bernardo Rucete 9, 
23. Ftorence. kaiy. TeL 3955 29 44 17. 


p m Pastor Bob Zbndai Tat ' 

'' ybusll. 

BULGARIA 
INTERNATIONAL BAPTIST CHURCH. 
SoSa. Grand NaiuteSobmnie Squae-Wbr- 
sh«p 1130. James Duke. Pastor- 
TriL: 704387. 

CELLE/HANNOVER 
INTERNATIONAL BAPTIST CHURCH. 
WhdmUen Suasse 45 Ode 1300 Vtfonhfe. 
1400 Bble Study. Pastor WM CtoRSbel. Ph. 
(05141)46416 


(02)3110633. 


WUPPERTAL 


WemarfnaJ Baptist Chuch. Engfish. Ger- 
man. Posen. Wash© 1020 am. S e Aw tr. 
21, Wuppertal - SbetfeU AJ denomrates 
welcome. Hans-Dieter Freund, pastor. 
TeL0202M69B364. 


VIENNA 

VIENNA COMMWiTY CHURCH Sunday 
worship in English 1130 A.M.. Sunday 
schocf. nursery, rwmatioral. aB denomna- 
aons wfcome. DoreieogaMri 15 Yfema 1. 

WARSAW 

WARSAW INTERNATIONAL CHURCH. 
Praiesare Engfcti language expaMatos, Suv 
days 1130 am (SapLJMayL lOamfJuie- 
Augfc Sutow S*®to 9S5 (SepMAayJ UL 
Modowa 21 . TriL 4329-75 


ZURICH 

NTERNATTONAL BAPTIST CHURCH d 
WMensid CZunch). Swtortand, Rcfienborg- 
slrasse 4. Worship Services Sunday 
1-70C2S12. 


ZURICH 

NTEPKATIONAL PROTESTANT CHURCH 
Engfch speaiurg. workshp servto, Sunday 
Scnool 4 Nursery. Sundays 1130 am.. 
Sch a naygagri 25. TeL (01)262325. 


the Nuclear Nonproliferation 
Treaty, saying the United States 
would “c 


continue to work very hard 
and to be very finn about not want- 
ing Korea to join the family of 
nudear states." 

North Korea on 
snubbed the UN agency’s i 
far on-site inspections. 

In a statement issued by the offi- 
cial North Korean press agency, 
KCNA, the Foreign ftfinistiy said 
it would be the fault of the agency 
if nudear safeguards on the Kore- 
an Peninsula broke down. 

The statement made it dear that 
the North would not allow agency 
experts to resume regular inspec- 
tions at the installations or enter 
two undeclared sites. The agency 
also has said it believes these sites 
conceal nudear waste that could 
prove whether a program to build 
an atomic bomb is under way. 

A Foreign Ministry spokesman 
said the North's demands were 
“reasonable” and that there was 
“no ground” for ihe UN agency to 
refuse them. The spokesman 
warned there was no chance that 
Pyongyang would meet the agen- 
cy’s demands until it bad reached a 
separate deal with the United 
States. 

The agency said Friday that time 
was running out fra 1 the on-site in- 
spections, but that it was deter- 
mined to resist any North Korean 
bad to permit officials only a bur- 
ned “sham" inspection. 

“We've got to dear this issue 
more or less in the course of the 


The death of Mr. Assad, who was 
33 and one of the most popular 
figures in his father's inner aide, 
mmw as a sharp blow to President 
Assad at an especially difficult 
time, only days after the Syrian 
leader met in Geneva with Presi- 
dent Bifi Clinton in an attempt to 
pm tire Middle East peace process 
rack on track. 

Syrian and Israeli negotiators are 
due to thdr resume peace talks next 
week fir Wasihmgtoa, fofldwiog a 
four-month Suspension. 

An official statement released in 
Damascus described (he death as a 
“tragic accident” It added that 
President Assad would attend his 
son's funeral Saturday in Qardna, 
the elder Mr. Assad's birthplace 
near Latakra, on the Mediterra- 
nean coast 


TRAVEL IJPD ATE 


Fungicide gashes Onto Dutch Coast 

A « fft tri ‘ n i\'A i-ff /n % m* rlriramlft *1 


northern Ncthraiands coastline as themsinds more plastic bagstrfpotea- 
tfally lethal pesticides could shortly Ml Germany and Denmadc. 

Tern of-thousands ’of bfcg8, k»5t from a French ship last month and 


next 10 dap,” said David Kyd, 


spokesman for the agency. 

He said the agency was “hopenn, 
but no more irum that,” that an 
accord could be reached in talks 
with North Korean envoys at the 
agency’s headquarters in Vienna 
next week. 

Mr. Kyd said that unless North 
Korea dropped its conditions, the 
inspections would not take place. 

(Reuters, AFP) 


Tanzania Appeals for Food 

Reuters 

DA R ES SALAAM, Tanzania 
— The government appealed Fri- 
day for Tood aid of up to 220,000 
metric tons to offset shortages 
caused by a droughL 


UNIVERSITY DEGREE 

BACHELORS* MASTERS * DOCTQMTt 
hr Mxt. Uv and fcaimt 
Exptotee* * III Ctottraon 
MtetoMN nutorifl 

(310)471-0306 
FAX: (310) 471-6456 



Ctol v ania tor WnaBn 

sr vme MUM nxwac tor Fm EnlatoM 


Pacific Western University 
600 N ScSutetoHM Dew 7) 

Lm Anodes CA90Q49 


President Assad is likely to 
spend part of next week in mourn- 
ing, sources in Damascus said, but 
diplomats did not befieve the inci- 
dent would set back Che peace talks. 

Based Assad was an engineer 
and array officer who served as 
leader of the presidential guards, 
who are charged with security at 
the presidential p a l ace He seemed 
to have no particular political fol- 
lowing of las own, but his picture, 
along with his father’s, is a fixture 
in shops and storefronts across (he 
country. 

President Assad liked to be 
called Mm Based, an Arabic con- 
struction that means “Father of 
Based." 

Sources in Syria said the younger 
Mr. Assad, whose hobbies included 
hmse riding and driving fast cars, 
died in an automobile accident on 
the road to the Damascus airport. 

“With dea grief and sadness 
President Hafez al Assad an- 
nounced to the people the death of 
major, engineer and parachutist 
Based al Assad,” said an official 
statement carried on state-run ra- 
dio and television in Syria. 

Patrick Seale, a journalist who 
wrote a biography of President As- 
sad in 3988, said the Syrian leader 
had been very dose to bis sou, the 
eldest of four boys in the family 
and the only one involved in gov- 
ernment. 

“I don’t think anyone regarded 
Based yd as a serious contender in 
tire succession, because Z don’t. 
think the president fhfntre dynasti- 
calhr said Mr. Seale, who de- 
scribed the death as “more of a 
personal tragedy than a political 
one.” 

He added, “But he was a promis- 
ing and popular young man, and he 
M&gtK have been someone to be 
reckoned with in another 5 or 10 
years." 

Because Mr. Assad, who is 65, 
has a history of heart trouble^ there 
has been growing discussion in re- 
cent years about accession. He 
continues to role Syria with unchal- 
lenged authority. In the last presi- 
dential referendum, in 1991, Mr. 
Assad won 99.9 percent of the vote. 

While Mr. As9ad has conferred 
increasing authority on Ins vice 
president. Vice President Abdel 
H alim Khaddam, many people in 
Damascus and other Syrian cities 
viewed Based Assad as a popular 
choice to su c ceed his father, who 
seized power in Syria in 197a 

Students of Syrian politics in 
Beirut said the younger^ Mr. Assad 
bad been seen inmasingly in re- 
cent years, often alongside his far 
ther at public events. 


least 1,122 people had been arrested since Thursday. 


German: Troops Kill 


A Somali Intruder 


Ccmqhled bp Ost Staff From Dispatdta 
BONN — German soldiers 
fired shots in anger for the first 
time in Somalia on Friday , kill- 
iog a Somali who' brake mto a 
fad. depot at the German head- 
quarters in Bdet Uen. 

A Defense Ministry spokes- 
man said it was also the first 
time Gennan soldiers had Irifled 
anyone abroad since the West 
Goman Bcmdeswehr armed 
forces were founded in 19SS. 

. The leftist Green Party de- . 
mantled that the gove rnmen t 
apologize to the family of the 
dead man and the Somali peo- 
ple, and use his death as an 
rity to immediately 
' the troops, 
tg an in vestigatioa into 
the incident, the Defense MGr^ 
tatty said that all humanitarian 
aid provided by Germany as 
part of a United Nations 


mg shots,” said Lieutenant Cd- 
onri Wdf Remhard Vogts, -a 


. “What was new this rime was 
that they managed to enter the 
camp and got into the fnd de- 
pot, he said. “It is the first time 
that anyone has been wounded 
or shot -dead by G ennan sol- 
diers in Somalia." 

He said the soldiers had act- 
ed in fine with the rales of eo- 
aent for UN troops in So- 


. . . . . uoo lo- 

gistic troops to So malia last 
summer as part of toe UN mis- 


sion to restore peace and pro- 
’ “ After 


The statement said guards 
with night-vision binocniais 
had fired wanting shots after at 
least two people soaked’ into 
the Goman camp atBeiet Uen 
in central Somalia daring 'fly, 
night. 

One of the intruders later set 


vide. hawHmi tflrian aid. 

other UN faces were town 
into combat with, the warlord 
Mohammed Farrah Aidid, 

. Bonn reduced its contingent to 
1,300. 

In keeping with Boon's anti- 
toiKtarist^oastitatkni, toe Ger- 
man troops are only EghUy 
armed and do not have any des- 
ignated combat role. 

.. Ire protected .by 

‘ UA and- Italian 


off an alarm in the fuel depot 
I (timed their fee." 


and the.] 

in that direction, Iritlwig one of 
theSomalis. - 
“There have, bees many at- ; 
. tempts to break in, but we have 
staved them off by firing wanK 


from possible ambush 
they withdraw. Last mnmbj So- 
malis shot at a Gennan ar- 
mored jeep, but both soldiers 
made escaped unharmed. 

Chancellor Helrnirt KnM fci« 
said that Gezmany needs ip jdn 
UN-badtcd mtaaous in onler 
to rake a stronger rede in inter- 
natiotml: affairs. (Reuters, AF) 


teprime par Offprint. ^3 me de I'Evangile, TWIX Paris. 


I 




i -» 


-H 


f: 


w.ujtim y^undal darmed its first 
i»c Guy Co&neand t wo otoer 

Bat the govenimeoi was expected to survive. 
The three, all Frencfwpeaking Socialists, have denied wrongdoing m 
tte aff air, wliito ceateraon bribes all^edly paid to thn r par ty to secure a 
1988 hdiodpter contract^ ^for the Italian airaaft firm Agitate SpA. 

/i™. n£ 4>x> Fn-iW-Jv-'cn«lkinc W f 


Guy^^itads, mttMtow ^ wwAfeni of the French-speaking Walloon 
regional government, and & interior minister, Guy Mathot, < 


, quit after 


'crror' an artkle from filing in Friday’s editions 

misrepresented thepomt of ah agreement to wow Ameri can cust oms 
officers to viat Chinese prisons. Tbc visfts are-, to ensure that Chinese 
poicnn factories are not making products for export to America. 


AMSTERDAM (Renters) -- /Authorities stewed up deaning the 

ds coastTm 




r. 




?fx‘‘ •• ' 
tC- 

ryp 

ft's." 

4 r . 




i'.l -- 


>. •• . 


r # .. - 


\ r ,: X. 

r - 
w . > 




Ml* . .» 




eCT‘“ • J # 






'■v ■ 


SS?- 


jii'i - 

■ |» c- 


US’-*. ' 
t®*-" - 


containxng a toxic foqgiaSe called Apron Plus .50 JJlS, watoed as hor p. 
Amborities bdieve & T00-k3<anCta: (60-m2e) Xttctdi erf^ Dutch beaches 


will have to remain dosed over toe wcetauL 
.- Officials said about 200,000 bags were still ^ftoating in the North Sea 
and couldreadi Gennan arid D anish shores in the next few 1 days. -Each 
white sack is. 12 centimeters (5^ inches) long arid K oentimetera mde. The 
(XHttainership, the Shabra, was impoandedtry Dutch antharities Thurs- 
day but was alldwed to leavuAntatqriam after its insurer posted a 
guarantee of 5 nnffion guflders (S2J mtEBcn) far cleanup costs. 

Spun wffl aokiyrufto visas for Jnwrih, accortong toakttcr of 
intent sighed frod^ mhfiWrid. JaraeEs wifl boaNe toenter S^ain for up 
to 90 dOTS without visas. Tlte mtorore mast ~be improved by the cahinet 
and ratified by par fi ament Sjpaamcds have been free to enter Israd 
without visas since November. v\ ■ ; (AF) 

Me Vaad wffl reame fi^tes te Xakt at the b^hmii^ trf April, the 
company's office said in KrariiW cm Friday. The career stopped its 
weekly service after a mffita ry KM^ju the year ago. 

Most New York cate riffl get bufleiproof pretilkms and emergency 
a mTTTteg hghfs starring July L Coming after a year in which 42 yeOnw and 
gypsy cab drivers were smu, toe measure wm cover about half of toe 
n,ro7ydtowcabs in the city, toe Taxi and limousine Commission said. 
And startin^AprillafinewTdlow cabs htost lave OTwrgencyflatiicrsoii 
front and rear fenders. -• -- (NYT) 

Rightist Hindu mflfanh posted Boadny on Friday with a strike 
— ’ the renaming of a university after a fonnex low-caste leader. 


k 


of the city of^ ^12 nriffion peofrfe wore^ deserted. ^The strike was 

UKKtly peacefid About 28,000 police and troops manned jvmctions. At 


(Reuters) 


; - ■ • 

teV-- 
EL'-"-- •••• 

' ... • 

uz &-- irr - ; > 
in :s 

CiJ.- 

““ 

• •• 

tisic-c. * ■ 

• • 

aiar ; - 

SffiJA-ff .. 


if; 








4 


f«y.k 


v ,s > 
. •- 

st . ■' _ 


8?^ 


pfe.,- *'5 









'r'O. ^ o: 

, *'s.. . 


.. . 


ife' 




'■ W. ^ ^ V " " 


(VO v 













» 


L>» 




:n 




#* 


international herald tribune, satltrday-svnpay, janl ary 32-23. 1994 


Page 3 




•trv . 

‘*c:v ■' 


. -v;. 

V1 ■'Jt/ 


. w - .'l 


V. ». 
‘4 


w Sr «-« * ~ 


/;•••> 

Inmantis 


.. ■'- V. 

■- .. V.. 

**■*..' 


p? 







y^; 

v>'< 


■■„ N 


, - V 




; M 7^S 




•r vh 


. "■ *■< 



do: spin wt": V> . •’• . ' ■. -j : V_ 

Periwms It 'was ino.tomcriew*. 

thaimS 
Presidffit. 
last montitto 

telhgendcl dift&L'as ^ : df ^ e 
pyr ^tary, *‘A~fitet-x^ BC ^ Q * c ^’ Ij 1 *- 

scribed- 

treated S»' 

But- after -tfie- 

: wthdxwhls!^ , ®«g^>^^ 

■ mg some coJuSPiasts <jf.fmod*ni 
WfcCarthyism^ in ; * mA 

lengthy 

^ paranoia 

-T^Se 
l ima to 


imhfr last 10. to 15 years.” Mi- 
Tmnan -would have boon raked 

ovdrtfie owls” Tor sadi leaks at ms 

Senate confirmation- hearings tots 
person said. 

^Tfeseol the teafcer and manipu- 
lator imaged’ Mr. Inoum, a former 
directorof the National Security 

tralintdligence, said in an mter- 
7 view. “It is fundamentally tmfaff m 

provided pndanoe, 
r of -senior editors,- to 
ton Post, The New YwkTtog 

Lc» Angeles Tjmes, Newsweat, 

Time andUS. News. ‘Tlo*™* 5 * 

t n* MN>r n nfflOQ Cm 


limcanauAiiwwo. *^a 

#BSt built . to oyer a period oi 

ye^”Tiesaia. _ . 


ears,” he said- • - 

- Although tins deadyhjdp<^to- 
nkh - his reputation, Mr. Inman 
said,“I hMiestJydon’t think 1 tned 

anoffiaal capao-. 
'ta-' ravoided the dialogpe wrth 
porters unless the -editors asked 
me.“ 


The extent of coopentoon be- 
tween Washington 
a high government official 
surprise those who Jwo 

‘aides, as adversaries. ‘The fratois 
fhm the, mainstream press actually 
bends ovffbaaw^®^^; 
security issues, saidStcpben..tiess, 

aBtodW 

Bob Woodward; a W^hmg^ 



A Tough First Year 

Clinton Admits, 

But He Likes Job 


flow, :vji. «.uiiiuu _ - — 

maybe it's time to have a bipartisan 
look at this appointments process. 

The president spoke fondly of 
his mother, Virginia Kelley, who 
died earlier this month after a long 
fight with breast cancer. He said 
that he had had “a wonderful tap 
with ber the night she died and that 
ihe best day Tor him personally in 
the past year bad been Christmas, 
-because we had our families 
here ' 


»«a iig £aaag^ . . - 

■■ J— renter in NorthtMlie. the epicenter of the earthqmto- 

Cafifornians waiting their turn outside a federal iisaster assurance 

— l rr\ II " 


Let Celias Pxsaff* 


Cafifornians waiting their turn oraside a leoenu 

Slow Aid Angers L. A. as Toll Rises to 55 

A rt<vr mure than an hour, many people in line 






\ i 


rt :r 


v.v- 


• '“r 


jniT ._ ; _iwa3 the 

paper - s execoip^ : 

saw tins adi of ha^ Sia. dealings 

^ and tbc pO^IC-'’ 

ihOmnw’* 1W ? S 

coirferetKC. “Ij^iwwrjeare 

talk that . 

*r»nM WashitMoix Imwart duo 
■ ifwnfllBd 1 know 

awgfc^ ^. »g 

most 

So&^ n ^ wlMaiOT 


gm«. said he had sport 
jnaibot that they pi«*wMd a 

fhnimny , cooss idatwnship- kfc 

'S 9 %SS£ 

. Mr. WoodwmTs stance w 
“He was a contart pomt, w. 
Woodward 

rsr.xsss 

would be banned and ttus is where 

. ** ‘THs was the Cold 
pras when the Rnwans nnrfrtfcd 
out where our submarines are 
cause wtfto going top rintope^ g 
or code phrase in the newspaper, n 
• was a dangerous era, and it would 
base, been absolute nmdnessfor 
afitors not to go to the gqvemr 
mesL w ' 


Compiled ty Our Staff From Dhfaicha 

LOS ANGELES - Angry owds bon^d 
federal aid centos for a second dajFndayas 
(Sals scrambled to spad md tpio^Bofa 
disaster that killed 55 people and forced more 

with Httie more than mpHtahon forms and 

Manage- 

mindful of the crittoism they 

gSd oflhehpnca Mtog- 

Srf An*™ is 1992. 

saying they needed more tune to ease the aty s 

ph &itv 1.000 tired and desperate earthquake 
victims, many of whom had waited m hue sace, 
bS^dav^were barred Irom ^ 

colter. Confusion rogned for a white at im 
W innetka Community Center m 
Nortbridge as policemen ptoided SS 

aid o^als not to make an aruiwmcoKo ttoat 

onlypcopkwiib appomtmentswwW be lrtim 

trying to sum a not 


After more than an hour, many peoplein Une 
grudgingly boarded buses for other colters. Bui 
SEfSKto resisted. Tin not gomg to get in 
^bSof a line,” said Marcia Lannom of 

N uSSSc Mccmd day of trouble tor Feted 
Eincreency Management Agency disasto ad 
cS^^ing to accommodate people seekmg 
«»t* and federal earthquake assista n ce. 

The toll from the magmtude-6.6 quake —-the 
strongest to hit Los Angeles in tooir 

dST-tfcnbed K, 55 dead and more tkm 

7 000 huru 500 of them with senous mjunes. 

troffic 
wrecked 


it's more than that, just based on the; caUsand 
■til ihe DeoDlc coming for disaster applications. 

said that the ■« «*« «g 

bdna expanded and thai mobile centers would 
^topais where newiy homeless people were 

^ta^ursfcv thousands of 
iheaid centers', and lines became so\ong \ hat 
some people were bused w other fadhUts. To 
^ whhLhe demand, the emergent manage- 
Zmi toenev opened a 12th center Fndaj and 
uiged people to call an 800-number for ap- 

^°Quake victims complain^ those solutions 
war no help, saving that the phone number 
waTjamroed and thai appointments m some 
cases were days, if not weeks, away. 

At the Northridge center, near the eann- 
. . Tr chArt even be- 


^OiOTSOf Eroway- Commute that 

^TbS&utesl^uptof^^ ^ 

In Washington, an auJke?epicenier, tempera were short even be- 

anything. 


- *>1 herc^said 

saaSftSsMittM 

rifles patrolled the area. 


a 

two 

16 


gf U|.1LI 1 UIIU" 

JyTddp.^ fccWMm 
associate dixonor lor rospote Md 

’^StKAorn Mid he W 

ncAAn houses were other damaged or 
dined to give a new estimate, he said, 


» oeoptc anew mey e — a - = 

“1 don't have a house. I don t lave mythmg. 

I don't warn an appomtmenL said Holhs Lan 

“utS^avrfThursday, uta .40 people 
Jn still 35tmg to line a* the Northndge 

center when it closed late that mghL 
“Give us some information. Tom Fiore 

yejtod Tb*&»- ban ^8 “ 1 lift 


Qmptledbv t)ur Sstf'Fftw Dvpaxk. t 
WASHINGTON - President 
Bill Clinton, marking his first anni- 
versary in office, said his besi pout* 
ical moment in the previous 365 
days had been when Congress ap- 
proved bis economic plan in Au- 

added that he had had a 
tough but rewarding year. He also 
complained about the agoniang 
confirmation process for presiden- 
tial nominees and the distractions 
of partisan attacks. 

“The only thing that really 
steams me is what it does to my 
wife, my daughter, my family. Mr. 
Clinton told a caller on Larry 
King Live." a television interview 
show. 

In the hourlong appearance 
Thursday, Mr. Clinton said that 
despite die frustrations of the presi- 
dency, "I like the job. 

“The bad davs are part of tL H s 
humbling and educational." 

Mr Chmon reflected on the past 
vear and said he found the biggest 
surprise of being president was. 

“It's a little tougher to change 
things here than 1 thought. 
cause of what he described as the 
Washington “culture." 

But he said he was proud of hav- 
meepi his economic stimulus pack- 
age through Congress last summer 
ah event that he said had payed the 
way for other legislative victories 
sudi as the North American Free 
Trade Agreement 

He also said mat being preadent 
“is a very different life." but that he 
was proud of how his famfly tad 
adjusted since leaving Arkansas 
where, he said, "we had a good 

fH K^ Clinton also dealt with sub- 
jects ranging from the death of his 
mother to the qualities of his attor- 
ney general, Janet Reno. 

He pledged to work with R™J I 
B Fiske, a Republican appointed 
by Ms. Reno as special rounsel to 
investigate the Clintons; financial 
dealings when Mr. Clinton wa- 
governor or Arkansas. , 

Mr. Clinton complained that po- 
litical criticism such as that being 
leveled in the so-called Wimewater 
affair “apparently is pan of toe 
price of being in public life tn *e 
late 20th century m the United 

St The president said he did not 
know what had prompted. Bobby 
Rav Inman, a retired admiral ana 
tamer deputy director of central 


intelligence, to withdraw as his 
nominee for secretary of defease. 

Bui he praised Mr. Inman as a 
four-star admiral who gave ^ 30 
years of service to his country. 

Mr. Clinton said be was a >n- 
cerned about toe “excessive de- 
mands of the confirmation process. 
“These standards are always being 
raised and heightened'” be said. 


“The process lakes too long 
>w" Mr. Clinton said. "I tom* 


He said toe high pomu political- 
ly was the approval by one vote 
last summer of his economic pro- 
gram, which he said had broken the 
logjam for other issues. 


“Are vou happy?" Mr- RinE 
asked Mr. Clinton. 


“Oh ves." said the president. 
“And grateful for toe chance to 



(tr and Hotel P\rk 

; GSTAAD 


★ ★ * * * 

SWITZERLAND 


Fitness & Aqua-Club, 
saltwater pool, 
tennis, beauty center, 
fango & massage center, 
relaxation center, 
conference and 
bridge rooms, 
first class cuisine 
in 3 restaurants 

Phone 01 141/30/8 33 77 
! F» Cl 141/30/4 44 14 


1U ca ai i w -,--r 

Sassstssss 

the press." . 






Still to make 


TIL 


witliout 



* ‘ 


‘X+ 


'jw 




that penwtmqi . 

Ssed 

William 

v pol 
The 


■tefc Senator SamNtmn, D«®>- 
crat of Georpa and thoArmed te- 
viccs ConnSStre chairm a n ,, has 
also toM-Mr. McLaity he did not 
wanttohe consdered. - 

Mr, Peny, a maftemafiaan w 
trotting.' iff 'a bookish, arft-spoken 
dcfesMo int^ectual with broad exr 
pa^inhid^ac^nnna^ 
government. Durmg 
veara, Mr, Perry was an mtoerseg- 
of defense for research, 
T^cre be played 

in devtjopingsteahhy, radawwa* 

mg Technologies- 
' life. Peny, 66, is a lading advo- 
cate d! defease industrial ptmgjjT 
preserving the capacity to tmio 

aSKsi’ssssr? 

■jffiJtiSSSBSSS 

T^oad reforms in the wa ytoe Pm - 

« m— a«i/i nmn WBSDOQS- 


News POUN 

SSSf Ml - tag ■mmm rooro 

SSh «Sate«li muff HouroDmog^- r t _ r , MM> 

oSJrpmSioas ^ 

jng ics “boot camps ^6^ — and these may 

Stance to put more police nm 

political imperative m the House. 


Sprint Express* is the painless way one of Sprint's 


nrihtaiy bases 
fdons. 


j be & Sprint 

ndav. 3usiteiIxneopcic»* — - ; «,-r^»il«»<--rtQtheL'.S.OtOuauxiic't*' ” f 

pONCARDr to your U.S. local calling car ^' ,, lowing you're paying low lntemationaJ 

“• >“S^SS£7SS£-ly Intend to«tenP i^Uns. —>» ougm “ ** 


you’re 



.-j ** .• 

s 


. <- 


j*. Rudmao. 


. Of Mr. Ptny’s detoae «- 

perience, howeva. nr m jta redm 
of managonezit, technology and 
acquisitioo.: 


| HWW/ w w — 

Former kiaugumtkm. in an oblique 

marking the 25fb ? nmvc ^ sa ^L„ H B ^ *^as Uwrto it? Potirics is 

the trip.” . 


ojjaaais s«« ««« -r: 

ed a haff-dazea names of drotod. 

atid wine ™ 

corporate wodd, 

Young, fonner bcad of jTewlctt- 
PaSrd- Co., Bernard 

Sd^c<uUlC^ altar 
'Yo* defense firm. . 


esgmk 


. ■' y 


• ' . 


", >■ ■; 




.- r- T,.- 


. •- .•> 

1 

-? y :■ 







In Paris 
left bank 



Mane-Martine 
8« rue de S^vresj 

* Paris 6th 



Ambassador ‘J**' 

Your Logo with any 2-flag mix 
- 24K GoW fhiBTffid - F^U colore 
- 100% USA-made. , 

Wen oJSKxn-mali* 

DAW 14 bu&mesa day«. Wortow^ 
TUC r« Inc. 101 Bai Air Drive 

SS)m£3bs 


]S0W PRINTED IN 

NEWARK 

FOR SAME DAY 

DELIVERY W KEY CITIES 

TO SUBSCRIBE, CAUL 



r c ^„ ' n i 

able. LieUns subject «o c P«- 1 _ eoo ^ rM W« while In | 

nu i lH JWlS 


c .^KTISJA 

ambitina 

-MSIB* 

BMUMS 

;.B*aawHK 

•Bamn 

BBJZE (MCHH.I 

BELCE iFTT WT PHONESi 

BOLIVIA 

BRA®. 

^aansewBEBi bliuub 

— CA8AM 

CHOI 

counummusm 

counmAsmBH 

4-CQrtAflCA 

+ICVPBJS 

CZffiH IEPU8UC 

+DBMMK 

AHHtnaiN BEPOBUC 

ECUADOR 

+ELSAUWC* 

+ FBI LAW) 

■+fSAHCE 

+ .CEHKHV 


*0 

DO* 900 -777-111’ 

ozi-sea-flM 
vBawM-nn 
-871-801X1 
078-11 -0014 
SS6 



VBM-6S-0877 

(BOO-mi 

000- BP* 

1- 800-871-8080 
1400477-8000 
80*0311 

g|0 43-8010 
9BO-B01I0 
TK4 

0B0 «XH)I 

0848-087187 
800-0871 
VBOO-7 S7BT7 

171 

«1 

B800-I-0Z84 

1040877 

000- 8813 
008-00-411 

ns 

001- 800- 1212000 

00*808-01-871 
1408 95 =W 

717408 2171 
172*77 
0800-0 

900 777 

ss-om 

8*197 


LUXBU0URC 

MEXICO 

+MMAC0 

♦ METHS11JW0S 
+ «T>*aAISWANrilES 

mouuBUA 

« MUMGOA PUJWUAJ 


0000 -0115 

SS-BOO-E77-EOM 

B»0087 

00*022-0118 

ooiWtHKsn' 1 

CO 


PANAMA 

AcPARASUAy 

■/PERU 

4- POLAND 

+ P0RIU6AL- 

— PUOTBBC0 

4-nnauM 

+nBIS!IA 

h- nussH a>»wn 

4-SAMMBWO 

yjjOl ARABIA 

/fSfflnuAfW* 

SEWN 

J.SL UICSA 

-SIKflBI 

^-SWITZERLAND 

a IHHUAD 8 1DCAG0 

-.1UKEV 

H.uMTra«fl»En«ns 
UMTED HWCO OM 

pEuanui 

BVRED «ma»Bi (on 
.-.UWTHI IOHEDOM 
- ILSJL 

■wlliOBONBlANDS 

^IBUCUAV 

-mmcMQiv 

ueeuuAfliajSH 


HD 

060-18-817 

tli 

008-12-800 

r* 

008-480-0115 

080174871 

T4D0-H77-«W0 

01-800 Off™ 

6405-105-6133 

155 8133 

1724877 

1000-15 
0400 -09-0001 

ojfl. 09-000 

101 

(BO-799 -OH 

13-9777 

23 

00900-1-4477 

BOO-131 

0500800871 


0800-898877 

0500-800 BB0 
1.800-8778080 
1-800 8778000 

uOM'7 
1734877 
ftOu-iill-0 
boo - nii- 1 


um .i irro lw .°— r i 






Sprint j 

Be there now- j 

, == i^HCupUSAM m j 

I 


duoMmi* 


.5-4“ 






.4mk 






Pa, 



tr 

late 



Where the Kremlin Goes From Here: 4 Scenarios 


Vibt GnpKjhffaat Ftsncr Preue 


By Fred Hiatt 

Washington Past Se nice 

MOSCOW — Prime Minister ViktorS. 
Chernomyrdin, a conservative industrialist, 
has formed a new Russian cabinet dominat- 
ed by like-minded men. 

Almost no one expects the Communist 
‘'old guard" to seek to restore the Soviet 
system; even the Communists in parliament 
proclaim themselves reformers. 

“A market economy has been created in 
Russia," said Boris G. Fyodorov, the reform- 
ist finance minister who resigned in disgust 
Thursday. “I doubt that anybody wflj have 
the power and will to stop the nrforms, fix 
prices, fix rates, remove hundreds of thou- 
sands of companies and hundreds erf banks." 

But scenarios of what the new team can do 
range from mildly rosy to apocalyptic. 

Scenario No. 1; 

Things Get Better 

Some economists here aigue that Russia 
□ever followed a true shock- therapy regime 
because politicians and the people them- 
selves understood that it could never work 
here. Russia is too big and too different, they 
argue, to follow some Western formula. Soci- 
ety could not stand the shock of large-scale 
unemployment, nor does industry need re- 
building from the ground up. 

* “I am a democrat myself, and in our opin- 
ion there are certain classical prescriptions 
already tested in the West," said Vladimir 
Lysenko, a deputy in the legislature and one 


of the more thoughtful proponents of “cen- 
trist," or "gradual," reform. 

“But the fact is that Rnsaan society is not 
yet ready for such a transition, and we can- 
not do it by force," he said. “If we arc going 
to ignore the traditions of our nation, our 
roots, myths and pra udkes, we would repeat 
the Bolshevik experience of 1917.” 

Centrists hope that now. without the med- 
dling of foreign experts and Weston-mes- 
merized reformers, experienced operators 
such as Mr. Chernomyrdin will be able to 
chart a gradual path to the market. 

The hope is that they will devdpp a ratio- 
nal industrial policy, giving the state a sub- 
stantial role for yearn to come and preserving 
Russia's scientific and technical base. They 
will select the best features of the market, 
allowing enterprises room for initiative, but 
will protect industries from foreign competi- 
tion and insulate workers from the ups and 


Women selling bread on the streets of Moscow on Friday. The v endors o ffer loaves at double (be 
normal price to people who want to avoid waiting in freezing temperatures in hug fines at bakeries. 

RUSSIA: As Cabinet Focuses on Industry 9 West Asks, 'Who Lost Reform ? 9 


The difficulty with this scenario is that it 
has been tried, without success, for most erf 
the past decade, under Soviet general secre- 
taries as well as Russian presidents. 

Scenario No. 2; 

f Ukrainization’ 

Other economists believe that reformers’ 

loss of influence will lead to a rapid “Ukrain- 
ization” of Russia's economy. Subsidies to 
money-losing factories, which conservatives 
managed to protect even during the reforms, 
will fuel inflation without sharing pro- 


duction or employment. The ruble’s value 
will ptnmmar Foreign investment will be 
scared off . 

This disaster will force President Sons N- 
Yd ran or the parliament, or both, to ream* 
that the architects of the free-market trac ^' 
■lion were right all along. The reformers wip 
be given another chance, this time with less 
interference from the industrialists, and Rns- 
ria wifi return to the path of f roe-market 
reform. 

Scenario No. 3: 

A Strong Hand 

The industrialists lead Russia down 
Ukraine’s path, as in the second scenario. 
Crime, corruption and cyniasn grow. The 
regional fragmentation of the nation, tempo- 
rarily tanked by Mr. Yeltsin with tough, 
measures last autumn, accelerates. Voices 
increasingly ah for a strong hand, for order, 
for national-patriotic or fascist solutions. 

“There could be a social exploaon,” said 
Gleb Yakunin, a reformist lawmaker. “UK 
situation may destabilize, the anny may step 
in and other forces, too. The situation is 
dangerous." 

A dictatorship, too, is certain to fail in the 
long run, most experts here believe, if success 
is measured hi economic prosperity. Rus- 
sians have now seen too much of the outside 
world, and they have tasted too much free- 
dom to be stuffed back behind an Iron Cur- 
tain. But such lessons mi gh t be learned only 


after to p p, costly and bloody experiments in 
cavil strife or authoritarian rule. 

Scenario No. 4s 
The Muddle Continues 

Hie conservatives have the upper hand, 
but Mr. Yeltsin insists that he still backs the: 
free market Hie government zigs one way., 
rags another. The Duma, the lower house of 
parliament, opposes privatization, but the 
upper house —dominated by regional offi-. 

cSTand barons of industry -7 btocks the. 
Duma. In payment Mr. Ydtsm doles out 
more power and privileges to the regions: 
Mr. Chernomyrdin eases credits for failing 
industries, but not so much as ;to pra* Russia 
over the brink of hyperinflation. 

Cushioned by vast oil and gas reserves, 
n Twain unlike Ukraine, can slide along this 
way for a long time, with a decfinmgstan-T 
dard of living. Brave foreign films, betting 

. . . -t rwMiNMntfliV fit . 


uv—o, increasing — * 

form. But the gap between nch and poor 
grows, too, increasing the appeal of the Mr 
tiona&ts. 

Of coarse, m a country as contradictory as 
Russia — Where the nation’s age can be 
counted as more than 1,000 years or barely 2 ; 
where anything that seems certain in Kahr - 
pi n g ra d ran be disproved half a world away 
^Khabarovsk, and where so much still turns 
an Mr. Yeltsin — any predictions are almost ' 
certain to be proved wrong. 


Continued from Page 1 

reform parties in the elections. Mr. Talbott said 
Lhe lessor, for Russia might be “less shock and 
more therapy." a quip that received enormous 
play in Russia. 

As stated, it implied that "shock therapy” 
had been applied by the reformers in Russia 
and had created significant popular hardship, 
though Mr. Talbott stressed that his statement 
was a call for broader — not slower — reform, 
with more attention to social protections. 

Mr. Talbott, after unhappy reactions from 
Moscow and other administration officials, es- 
pecially within the Treasury Department, re- 
tracted the essence of the remarks. Bui by then, 
Mr. Fyodorov said, “they were publicized very 
much by the opposition." Without meaning to, 
Mr. Fyodorov said. Mr. Talbott “helped the 
opposition, and he helped certain forces 10 
influence the decision-making process here." 

Mr. Gaidar and Mr. Fyodorov have argued 
that thev have never been able to apply real 
“shock therapy," at least not after the spring of 
1992. and that Russia has been hurt by too little 
radical economic reform, not too much. 

"When Strobe Talbott says less shock and 


more therapy," Mr. Fyodorov said bitterly. "I’d 
like to ask him what kind of shock therapy is it 
when inflation is 2D percent a month, where 
there have been only five bankruptcies up until 
now, when official unemployment is only 1 
percent? Or is he not fammar with shock thera- 
py in other countries?” 

Mr. Talbott could not be reached for com- 
ment 

Mr. Gaidar was more restrained. “If the 
democrats had been united and had run the 
election campaign better," he told the Interfax 
new agency Friday, “the president would be in 
a better position now.” 

Two Western advisers to the outgoing gov- 
ernment and close to the reformers, Jeffrey 
Sachs of Harvard University and Anders As- 
lund of the Stockholm School of Economics, 
submitted their resignations Friday to Mr. 
Yeltsin, saying that "the aims and policies an- 
nounced by the prime minis ter are strongly 
contrary to our views." 

In separate telephone interviews, they said 
that no official had asked them to resign. They 
have been asked to continue working with a 
group of Russian economists and are seeking 


foundation support for continued research and 
nongovernmental office space in Moscow. 

Mr. Sachs said (he Talbott remarks were 
unfortunately seen in Moscow by the reformers 
"as an abandonment of these people." But he 
said the largest responsibility for the collapse of 
this effort at classic reform lay with the Interna- 
tional Monetary Fund, which had been charged 
with implementing Western efforts to bdp eco- 
nomic change in Russia. 

“This is a massive failure of Western efforts,” 
Mr. Sachs said. "There was nothing inevitable 
in this result. We had a lot of ability to affect 
things and failed to do iL But the IMF, which 
held back 515 billion in Western aid this year, 
always claimed that everything was going fine 
and fails to see any consequences to their fail- 
ure to deliver aid.” 

IMF officials have made no public comment 
but are said to be disappointed with the make- 
up of the new cabinet. An IMF delegation due 
to arrive here next week may postpone its visit, 
since there is no finance minister yet and no 
1994 budget. But Western diplomats said the 
chance of S15 billion in promised aid being 
released by the IMF any time soon was "slim to 
none." 



Sources: D at as t raam; Tokyo Stock Exchange 


The New York Tones 


The Rapid Aging of East Asia 

Crisis Threatens to Brake Economic Growth 


By Michael Richardson 

/ mematltmai Herald Tribune 

SINGAPORE — Countries in 
East Asia with young, labor-rich 
economies that have been expand- 
ing faster for longer than any other 

E art of fie world in recent years 
a ve got used to thinking about a 
future of unlimited growth. 

But officials and economists are 
warning that rapidly aging popula- 
tions in many parts of the region 
threaten to put a brake on growth, 
raise costs and strain the ability of 
governments and societies to cope 
with new legions of senior citizens. 

As in most Western nations, eco- 
nomic development in East Asia 
and the accompanying rise in living 
and education standards have 
sharply reduced birth and mortal- 
ity rates. With people having fewer 
children and living longer, the re- 
gion is undergoing a graying revo- 
lution that will be far larger in 
scope than in the West, officials 
and analysts say. 

Because economic growth and 
social change in East Asia have 
occurred much faster than in West- 
ern nations, the aging process also 
wiU be mudi quicker. 

It is estimated that it will take 86 
years in Britain and 68 in Sweden 
io n>o-e from having 10 percent of 
the population aged 60 years and 
over, to having 20 percent of the 
population in that bracket, 
in Japan, the same demographic 


shift will take only 25 years and in 
Singapore 21 years. 

“Systems for providing for the 
elderly, which developed over (be 
better part of a century in Europe 
win, therefore, need to be delivered 
in only 20 years in rapidly develop- 
ing Asian countries," said John 
McCallum. a demographer at the 
National Center for Epidemiology 
and Population Health at the Aus- 
tralian National University in Can- 
berra. 

Since East Asia has a much larg- 
er population than that of Western 
Europe or North America, the im- 
pact of the aging problem will be 
greatly magnified. 

In China in 1990, just over 100 
million of the 1.1 bulion popula- 
tion, or 8.9 percent, were over age 
60. By 2025, according to UN pro- 
jections, the comparable figure will 
rise to 289 millioa, or 19.1 percent 
of a 1.5 billion population. 

In Indonesia, for the same peri- 
od. the numbers of those aged 60 
and above wifi increase to nearly 39 
million, from 1 1 .6 million, while in 
Japan they will increase to 38.1 
million, from 21 2 million. 

In Singapore and South Korea 
— two erf the increasingly affluent 
newly industrialized “tiger" econo- 
mies of East Asia — the ratio erf the 
elderly is set to grow dramatically 
over the next 30 years. 

Those aged 60 and above as a 
proportion of the total population 
wiD rise to a earl v 27 percent in 


m 

The Sv.oy Group of Hotel? asp Restaurants 


m L i 


mm 




England’s Finest Hotels 
Welcome You 

T hi*e who travel "ti hu>inv» Irvuntnilv, know rhe 
ijw.m ancs "t itnwi'U 'I ••nv The S.iwy 
In ’tell. N : ,v-a. tor hu'ine-rT w.J icLJjr-.- traveller?. 

Tlie 5.1V- v.- Group is ■iftvnnt: A Ven British Welcome.. 
which mem- ’ ^ir-bt.trdinL! vvr.* value, 

iw.i'i minimum tv.** r-.-i- •:*.■ April -if 

The Bed elf. . Cl .inJw'% The G ■nr 1 .rj»hi 
The *-.iv« in London. »ii The L’.""” Am- in rhv 
CoimuiIJs. and yim >:.m en["v .1 wide rtnue "1 services 
vurh mir ti-mplimvim. 

The*; include Enck-h hru.iil.i_-r. ch .utivur-Jnven 
rnnsttfps mil from f ond n Hv.irhn-u. bt.instcd or 
G.iiwicr. pre-MiV' and sri- < »hine <rvn.es. -inJ U'<lt 
at the WentU'-nh Club. F<t rrcn.irioft.- pluase 

chII vnur nuaru?r repre-.em.ime "trice <«t 
of thefWbrkl u.t* n . «*jr Prmnrv 
Line on 071 $72 5Co0 (ii c-tlhna int n rhv L'K). or v« nu- 
ll c.il navel ayenr. 

TMI FlRKtlf Y • CLlUMPoll. • IHk CONN Xl'SKT ■ THE THE L»i<1N ARMS 


A Very British W c l c o m e 


Singapore by 2025, from 8.7 per- 
cent in 1990. In South Korea, the 
rate will rise to 21.6 percent, from 
75 percent. 

The United Nations does not 
compile surrilar figures for Taiwan 
or Hong Kong, the other two “ti- 
ger” economies, because neither is 
a member of the world body . But 
analysts said these nations, too, 
have rapidly aging populations. 

Officials are concerned that as 
East Asia ages, savings rates will 
drop and more resources will have 
to be devoted to care of an elderly 
and unproductive population. As a 
result, the region may lose its com- 
petitive edge. 

Speaking recently of the situa- 
tion in Singapore, Prime Minister 
Gob Chok Tong noted that the 
population of the island-state was 
“now substantially younger than 
the developed countries, which 
gives us an advantage over LhmL” 
He added, however, that in the next 
decades, “The gap will narrow and 
eventually almost disappear.” 

“This aging population will have 
serious ixnphcatioos for our eco- 
nomic vigor and competitiveness.” 
he warned. 

Sanjoy Chowdhuiy. chief econo- 
mist for the Asia-Pacific region in 
the Singapore office of Merrill 
Lynch & Co„ said that in China. 
Japan and the four “tiger” econo- 
mies. "growing medical care costs, 
including the need to bmid more 
homes for the elderly, rising pen- 
sion payments and more welfare 
spending, could dampen economic 
growth in the coming decades." 

He said the economic and social 
costs would be greatest for those 
East Asian countries that bad the 
least-developed pension savings 
and social security schemes. With 
the exception of Japan and Singa- 
pore, such programs in the region 
are rudimentary. 

The rapid aging or the popula- 
tion will challenge the traditional 
East Asian social support sy stem in 
which families, rather than the 
state, assume responsibility for car- 
ing for the elderly. 


GERMANY: 

Political Knots 

Confined from Page 1 

to a free market economy during 
the worst recession since the end of 
World War n, and other unexpect- 
ed consequences of die post-Ctad 
War period may be solvable only 
by a "grand coalition” government 

Such a coalition would unite Mr. 
Kohl's Christian Democrats, For- 
eign Minister Klaus Kinkd’s Free 
Democrats, the opposition Social 
Democrats and perhaps other 
groups as welL It would be neces- 
sary in any case if neither of the big 
parties won enough votes to form a 
coalition with the Free Democrats, 
who have played a balancing role 
since the 1960s. 

“Nobody wants a grand coali- 
tion, but it could become unavoid- 
able," said Wolfgang Schauble, the 
parliamentary floor leader of the 
Christian Democrats. 

That will not happen if Rudolf 
Scharping. the 47-year-old premier 
of the state of Rhmdana-Palati- 
nale, who became the Soda! Dem- 
ocrats' leader Iasi summer, has his 
way. He hopes that a string of state 
elections beginning in Lower Saxo- 
ny on March 12 wul bring his party 
to a 40 percent share of the national 
vote for the first time since the 
1970s and put an end the Kohl era. 

Mr. Scharping has begun moving 
his party from the fringes of the 
le ft. where r* bad been since i(s last 
chancellor, Helmut Schmid u was 
replaced by Mr. Kohl in 1982. But 
so far. be has not been able to get it 
to agree to a larger UN peacekeep- 
ing role for Germany. 

German Police Raid 
A Neo-Nazi Network 

Reuters 

POTSDAM, Germany — The 
police smashed a distribution net- 
work for neo-Nazi propaganda and 
confiscated weapons in raids across 
the north and east of Germany, 
offtciais said Friday. 

Premises and post office boxes 
were searched Thursday in 52 raids 
aimed at the group Direct Actioa- 
/ Middle Germany. The Branden- 
burg Interior Ministry said materi- 
al urging racist violence had been 
sen; to Bonn for possible action. 


CRASH: Japan Economy 9 s Fall From Ideal to Chaos 


Gantmaed from Page 1 

years are now finding it difficult to revive their core 
industrial businesses because of their weakened finan- 
cial condition. In addition, (be reputation of Japan's 
respected econ o m i c planners has been badly damaged. 

“The government and the Bank of Japan thought we 
could have a soft landing,” said Mikio Wakatsuld, 
chairman erf the Japan Research Institute's board of 
counselors and until recently die deputy governor for 
international affaire at the Bank of Japan. “We 
thought we could make it a painless decline- It was 
maybe a misjudgment,” 

Takaaki Wakasugi, a professor of finance at Tokyo 
University and the University of Michigan, said, “In 
the late 1 980s, people were living in a dream. They did 
not understand reality. Right now, in a sense, were in 
a state of chaos because of that." 

While things have been surprisingly calm on the 
surface, the biggest victims of the crash, commercial 
banks, are likely to be impaired foryears, analysis say. 

Japanese banks have been pulling back from the 
foreign markets they wereatlackingjust five years ago. 
And coroorate Japan’s overseas shopping spree for 
landmark commercial buildings, golf courses. Trea- 
sury bonds and Hollywood studios, much of it fueled 
by bank lending, has slammed to a halt. 

At home, the banks have undermined their futures 
by continuing to support, often with loans at nominal 
interest rates, dozens of companies that became badly 
overstretched through reckless piopei ty and stock 
speculation in the boom years. 

The banks have been hit in two ways. They fre- 
quently take property as collateral for loans. The 
plunge in real estate prices has meant that the collater- 
al on many bad loans is often worth less than half of 
the loans’ face value. 

In addition, the banks have put a significant portion 
of their capital — the foundation for their loan growth 
— into the shares of their corporate customers. With 
slock prices having fallen, the banks’ capital has 
tumbled, makin g it harder for them to lift the economy 
from its malaise. 

Companies, too, haw bad to adjust to the new 
reality of deflation in the financial mar kets. Many 

companies, for instance, were hired into making huge 
investments in stocks, property and golf courses; they 
have now refocused on their core businesses. 

Corporate treasurers, who had spent freely because 
raising capital in the stock market was so cheap in the 
boom years, are being more tight-fisted about invest- 
ments in research and new operations. 

The property market has oeen even more severely 
affected. Not only have commercial property prices 
plunged more than 50 percent in big a ties like Tokyo 


and Osaka, bat almost no transactions are taking 
place. 

It all began with the growth of Japan’s the so-called 
bubble economy during the 1980s. Behind the rise bad 
principally been low intoest rates and the booming 
economy of fie Vailed States, where Japan sends a 


large portion of its exports. 
In Septa 


itember 1985, the Reagan administration and 
Japanese officials agreed to send the value of yen 
soaring against the dollar to make Japanqie products 
more expensive for forMgpera, crimp ing exports. For- 
eign-made goods became cheaper in Japan, lifting 
imparts. 

In fact, there was a te mporary redaction in Japan's 
surpluses, hot the shock was a catastrophe for Japa- 
nese exporters. They could adjust to a stronger yon, 
bat they needed time, and they needed to make huge 
investments to improve their efficiency. 

The solution was stem reductions in interest rates 
by the Bank of Japan. Companies did make produc- 
tive investments — in fact, they overinvested, building 
more factory capacity than domestic or foreign mar- 
kets coo W absorb. 

But the policy also set off a speculative orgy by 
flooding the markets with cash. 

As investors bid stock prices higier, companies 
raised record sums by sefling new shares: 8.85 triflian. 
yen, or S62 billion worth, in 1989 alone. 

Ibe government finally recognized the artificial 
nature of the market's rise and the possibility of an 
uncontrolled collapse, and began trying to ratchet 
down the market by the second half of 1989. 

The Bank of Japan began to raise its discount rate, 
and in die first we« of 1990 investors got the message. 

In the first two years of the market plunge, stock 
and property prices lost 611.7 trillion yen in value, or 
nearly $4.9 trillion, according to the Economic Plan- 


then, il has become impossibk for companies 
to raise fresh capital by selling new dares. 0 a the 
Tokyo Stock Exchange. The Nikkei stock market 
index has fallen 51 percent from its peak erf 38J91S.87, 
on the last trading day of 1989, to Friday’s dose of 
19.307. 

Publicly, government officials pledged fidelity to 
the principles of free-market economics. Bat it soon 
became dear that the Finance Ministry had ordered 
various government pension funds topour money into 
the stock market starting in 1992. StfiL fie market feU. 

_ “Officially, of course, the Ministry of Finance de- 
nies their musvention, but now they have a very tag 
problem on their bands," said Nobuhiko Matsuno, fie 
farmer bead of the ministry’s securities bureau and 
now senior executive director of fie Japan Develop- 
ment Bank. 

“The financial system is very fragile," he said. 


KURDS: In 'Kurdistan,’’ a Dream Is Taking Shape 



MUtaOMM 

PARES Mi 

BRASSBUEDE ROOM 15UW 

$ 

Dcmk 92-74 Awards- 
OOSMAL DUTCH CUSME 
lvnd>/Dim«f. pan 12 f 

Td £Cf5£5C666 dmqwee •xvpnd 

YUGARAJ 

rtoWa f* Wen ibOwqri <n Fraa 

byfiWiw 'wcwdfcawJ M.n* 

T A31ei4Ci 

PUSS 7th 

THOUMSUX 

v ve Cenfci de 

2 ctsmc ea cor±» de canonl A» 

7* -j: T«n>! 47.Md975 

ro jr.V-!*j*d 

HAESJE CLAES 

ted C*irfc Cooking Cperi fiw taicr. 
mdnsh jpu Jicof 575 
TJ WVg Ewewnons nxu-'T»ntigt 

ASmefero*i«i-»(b 

MRSlStfi 

LE TOTT DE PARIS 

yree “art® 

esrwgaSp-i muhgaJracme 
BeMSBwjinflMIUtlt 
'Cr 3£ ®V3 en ta 1 Wi Soot 
taaumg O BJJClfe vxwcf W Oh 
rnd <ta £$£ Tew. 
fr 2^5 W cmer bk! dondne 
PanWw =v Td 427392.00 

MRS 1st 

CARR'S «sh 

RESTAURANT BAX 

FrekJi/tiuh odm WeHomd hnaicti 75F 
Own 7/7 N PARS. OWT5 Btf 5WJ5 FAR. 

Td 42fi06G26 


Confirmed from Page 1 

against us by Baghdad” and the 
shelling from the Iraqi lines, where 

lens of thousands of troops are en- 
camped within sight, and shelling 
from Iran, which is aimed at Irani- 
an Kurds inside Iraq, 

“Also," be said, “we suffer from 
regional tosaons and a worsening 
economic situation and Irving stan- 
dards. which threaten our stabil- 
ity” 

Bui somehow fie Kinds’ quasi- 
state keqs mi going. Already, it 
has lasted longer than fie only 
state the Kurds have ever had, the 
Mahabad Republic in Iran after 
World War II, which survived for 
1 ! months. 

“Two years ago there were re- 
gions wifi no sign of life," Mr. 
Barzani said. “Now there are thriv- 
ing villages.” 

He goes to great lengths to insist 
that “Kurdistan” is not a secession- 
ist state. Rather, fie goal, at least 
for now, is to create a truly autono- 
mous region within a federation, 
and to work lor fie overthrow of 
Mr. Saddam and the installation of 
a democracy in Baghdad. 

“We recognize fie territorial in- 
tegrity of Iraq," he said 

Emblems of nationalist senti- 


ment are played down. True, the 
portraits of Mr. Saddam have been 
taken down and replaced by mnrals 
of guerrilla martyrs. But Kurdish 
flags do not fly over buildings. 
There is no Kurdish carrencv or 
passport stamp, 
are still in place. 

There is a sense ta play-acting to 
(his, however. Everyone knows that 
the elaborate show of Entiled aspi- 
rations is intended 10 assuage fie 
fears of neighboring countries, 
which have Kurdish populations of 
their own and fear insurrection. 

The Kurds, who number about 
20 million, are clustered mainly in 
the border areas erf northern Iraq, 
Syria, southeastern Turkey and 
western Iran. Their resistance to 
outside domination is legendary. 

For the Iraqi Kurds, Turkey is 
the lifeline. It has the only connec- 
tion with the outside world, a road 
that winds through the plains and 
foothills of southeastern Turkey 
and crosses the Iraqi border at Ha- 
bur. Virtually every other land 
route into the region is dosed. 

Turkey, widen has 10 ntiUton 
Kurds, is struggling to quash a 
Kurdish independence movement 
that is waging a campaign of vio- 
lence. 

To keep their own region alive. 


the Iraqi Kurds have been cooper- 
ating wifi Turkish forces to expd 
Tu rki s h Kurds from camps from 
the mountainous border area, a 
move that disturbs some of them 
since it sets Kurd against Kurd, 

“We have to be realistic;’* said 
Hoshyar Zebari, spokesman for fie 
Kurdish Democratic Party. “We 
are totally dependent on one route 
from Turkey. We have to search 
out die middle ground. That’s why 
we seek a balance between Kurdish 
rights and autonomy and fie terri- 
torial integrity of Iraq." 

But in discussions with many 
Kurds, that balance drops away. 

“What do I want for Kindi, 
stan?" said Jwan Rshad. a 21-year- 
tad student at fie University of 
Salahaddin. “Simple: Indepen- 
dence." 

Hie Kurdish region in Iraq is a 
breat h taking juxtaposition offiaip 
mountains and rounded rotting 
hills, brown and green, thrust high 
mu) tire sky. The towns and cities 
are bustling. Narrow streets are 
crowded wifi honking cars 

But .the scars from Iraq’s re- 
sponse to tire 1991 uprising and 
from an earlier decade of ampres- 
s«m by Baghdad can be seen every- 
where. More than 4,000 vfflages 
and hamlets have been destroyed. 


JAPAN: 

A 'No’ on Reform 

Coatianed from Page 1 

seemed to sum up the general mood 
in the Diet hallways came from a 
Socialist Diet member, Noriyuki 
Naif an 

“Right now” he said, “this place 
is ronning over wifi confusion." 

J udging from "wmwtiate public 
p-actifwi, Mr. Hosokawa still seems 
to have the people on his side. Per- 
son-on-tbe-strcet interviews in To- 
kyo and the western city of Kana- 
zawa showed that many people are 
deeply angry ai fie Diet members 
who voted against the package. 

If a tag public and media reac- 
tion builds up, and if the business 
community brings pressure on the 
politicians to finish fie electoral 
tails and move on to the economy, 
Mr. Hosokawa could use that to ta& 
advantage in negotiating wifi the 
varxoos parties next week. 

But the negotiations will be com- 
plicated. The opponents of Mr. 
Hosokawa' s proposals include not 

a°Moc 5 , *Bber^ Diet members 
from tiie Social Democratic Party, 
fie largest single party in Mr. Hor 
sokawa’s rather unwiddy coah'tioiL 
The chief opposition party, fie 
liberal Democratic Party, is tire 
biggest recipient of corporate coo- . 
tributions and hopes to water down 
provisions in the plan to restrict' 
fund-raising- Bat the Socialists and 
some other members erf . Mr.- Ho-, 
sokawa’s coalition say a bill whta- 
art tough controls on contribo-, 
tions would be no reform at alL 
Similar disputes sotzouad Mr. 
Hosokawa’s pJan to redraw ever; 
legislative district lot the lower 
house of the Diet 
The question is whether Mr. Ho- 
sokawa can steer a middle route 
that wins some Liberal Democratic 
support without alienating too 
many members of his own coali- 
tion. : 


CHINA: 

Actions on Rights 

Continued from Page 1 

continue,” Mr. Beutsen told the 
Chinese Academy of Social Sd- 
ences. 

Mr. Clinton, in an executive or- 
der signed in May, staled fiat Chi- 
na must comply wifi previous com- 
nritznenis to cad exports produced 
by prison labor or lore its most- 
favored-nation trading status. The 
order cites six other conditions, in- 
cluding: allowing freedom of emi- 
gration from China, releasing or 
accounting fa* political pris one rs, 
protecting the religious and-ctatur- 
al heritage of Tibet, and penmtting 
the free flow of radio and TV 
broadcasting into Q»na 

The issue of prison labor is re- 
garded as a paramount condition, 
whereas in a number of the other 
areas China is req uire d only to 
show progress. Asked whether the 
appairatpr ogress on prison labor 
meant China’s rights tally could 
now be^ characterized as “one 
down, six to go," Mr. Roy an- 
swered with an emphatic “No." 

“It’s none down," he said. “We 
are not going to prefudge the presi- 
dent’s decision halfway through tire 
process." 

By agreeing to allow the five in- 
spections, the Chinese were merely 
comp lying wifi a “memorandum 
of understanding” with the United 
S tates in 1992. Thai also required 
Ghina to conduct its own inspec- 
tiaisof 31 other prisons suspected 

of exports. 

Before tbe announcement Hiurs- 
day, China had rebuffed all but two 
^quests for prison inspections. 
Thursday, however, a team of U.S- 
Customs inspectors visited one of 
fie five sites, fie Red Star Tea 
Farm, Mr. Roy said. It has not yet 
reported results, he said, but be 
*9™*^ it "got good coopera- 
tion from the Chinese. 

However Robin Monro, Hong 
Kong representative of fie rights 
organization Asia Watch, ex- 
pressed doubt about inspections. 
Hie requests to visit tbe pri son s 
wre made months ago^ he noted, 
gy^Chimtimeficoverup evi- 

. Munro said the only effec- 
tive 'inspections of forced labor 
rites would be those that arc imme- 
diate and ungn imHi wn d 





'ili - ,+ • ^ 


. ) 


,V ’ 







"' ;***•£&■ 

■ ; SI 

. ^ 

I ■ £L. J '~ 

■ •• 

'• 4 '® 

•• '244 
- 

Z^S 

r> yPz: :j. 




‘HC-Ca:. >- 



fe* 5 **' . 




- . ’••■ 

•/sa. 



^’Cn C-- . 
:*• '>$ 


On Bosnia, Allies Agree Only to Bicker 

KSL, France and UN Are Trotting Blame Over Their Inaction 


; m J WASiitoillaw 

on a yisft Friday to a base in Tomsbvgrad, Bosnra-Herzegcmna, for British peacekeeping troops. 


By Roger Cohen 

New York Times Service 

PARIS— Jusi lOdaysafreraNATOsummir 
meeting called for urgent action, including pos- 
sible air strikes, in Bosnia, allied policy over the 
former Yugoslav republic is once again in disar- 
ray, with the United Slates. France and the 
United Nations bickering over who is to blame. 

To hear the French, die United States has 
balked over promised air support for a mflitary 
operation aimed at opening T urk airport in 
northern Bosnia for relief flights. 

To hear VS. military p lann ers, France ha s 
abruptly come forward with unacceptable calls 
for U.S. ground UOOpS U) participate in the 
Tuzla operation. 

To hear UN officials, the problem is the 
failure of several countries, including France 
and Britain, to provide enough peacekeeping 
troops to make the NATO plans feasible. 

“From our standpoint, the planning is done.” 
said a senior western official at the North 
Atlantic Treaty Organization in Brussels. “If 
it's air strikes' we can do it. If it’s close air 
support, we can do iL But we haven’t even seen 
a plan from the United Nations Protection 
Force." 

The current passing of blame among the 
Western powers for their paralysis ova Bosnia 
reflects a pattern that has been almost constant 
during 21 months of diplomatic bluster ova the 
war accompanied by seemingly insignificant 
action. 

Under the terms of Security Council resolu- 
tions, it is Secretary-General Buiros Butros 
Ghali who alone has the authority’ to call in 
NATO air strikes, and it is be who has been 


directing the drafting of military plans since the 
NATO summit meeting that ended Jan. 11, 

But a French official said the first draft of 
this plan had concluded that more UN troops 
were needed in Bosnia before Tuzla airport 
could be successfully opened. “We are just not 
able to send more troops at tins stage and we do 
not believe ir is necessary," he continued. 
France has more than 6.000 soldiers in the 
26,000-stroug UN force. 

Mr. Butros Ghali is expected in Paris (his 
weekend for meetings with Foreign Minister 
Alain Juppe. He will be followed on Monday by 
the U.S. Secretary of State, Warren ML. Christo- 
pher, who will meet Mr. Juppfe, Prime Minister 
Edouard Balladur and President Francois Mit- 
terrand. 

[Mr. Butros Ghali said Friday in the Hague 
that he would approve the use of air power in 
former Yugoslavia if it was requested by his 
special representative there, Yasushi Akashi. 
“Until now I hate never received any request to 
use air power." Mr. Butros Ghali said, accord- 
ing to Reuters. “If we receive a request I wfl] 
certainly give the green light- - ’] 

In a reflection of the frustration over the 
disarray that this flurry ctf meetings will con- 
template, Mr. Juppe said this week that it was 
time to “sweep the table clean” and think a gain 
about Bosnia. The European Parliament, mean- 
while, called for the resigns ion of the European 
Union's peace negotiator. Lord Owen. 

The parliament criticized “the mandate and 
the strategy of the European Union and the 
United Nations mediators, who have brought 
no result and who persist in wanting to cut 
Boswa-Heixegovina along ethnic lines." 


BOOKS 


It was precisely to secure concrete progress in 
Bosnia and to escape a cycle of vapid declara- 
tions that (be NATO summit meeting called on 
(he United Nations Protection Force “to draw 
up urgently plans to ensure that the blocked 
rotation of the force’s contingent in Srebrenica 
can take place and examine how the airport at 
Tuzla can be opened for humanitarian relief 
purposes." 

According w several officials, planning has 
proved to be a fiasco. 

“Look,” said one U.S. official, "President 
Clinton came to Brussels and said that if our 
partners were seriously ready, the U.S. would 
do its pan on air support to get Tuzla open. 
Since then. aD we’ve been hearing from the 
French is that more ground troops may be 
needed to secure Tuzla, and perhaps American 
soldiers could get involved. Well, that was never 
even contemplated or discussed in Brussels." 

French officials dispute this account, saying 
that they have been frustrated by the lukewarm 
response from Washington to a ttemp ts to get 
on with tbepJanning for a Tuzla operation. One 
official said there seemed to be no enthusiasm 
for providing U.S. planes for air cover. 

What seems dear in the dispute is that Mr. 
Butros Ghali wants more UN forces on the 

? ound before he will call in NATO to open 
uzla airport. Bui neither the French nor the 
British, the main contributors to the force, are 
prepared to send more soldiers. 

As a result, paralysis has once again set in. 
“Right now we are going backward,” said a 
French official. “We have to think ag ain One 
possibility is just to pull out completely — but 
that too seems unthinkable.” 


By Barry - James 

InsonuUwjl Herald Tribune . 

PARIS — Prime Minister Edouard Balia- 
dor said Friday that France would block tia 
budget of the European Union unless it re- 
caved ironclad assurances that die seat of the 
European Parliament will r emain ja Stras- 
b*n&_ . t^,._ 

“We will be intransigent on this point,” he - 
said in Strasbourg. - - < 

Derek Prag, senior vice chairman of the 
parliament's committee for institutional ^ af- 
fairs, called the threat “plain blackmail” and 
“dreadfully irresponsible," 

The paduunent assembles one week every 
month m Strasbourg, bmim committees meet - 
in Brussels and the secretariat operates out of 
Luxembourg , ..... 

Many members a re cam paig n ing to get the 
parliament under one roof in Brussels- Peter 


Price, a member of the pariSament’s budget 
committee, said the cost of transporting 
members and documents and maintaining 
headquarters in all three places costs the EU 
about. $150 million a year, or about $15 
million for each meeting of the assembly. 
... . Tha parliament has yet to sign accords with 
Strasbourg to build anew assembly chamber 
and offices and. establish the p arliam ent’s 
presence in tire city once and for aH 

As a resuh, the French National Assembly 
is blocking legislation to expand the number 
of deputies to 567 from S18. . 

But the move incensed Germany, which is 
supposed to get 18 more deputies to reflect 
the increase- u its population resulting from 
reunification^ 

Partiamentary sources said the German 
Foreign Ministry wrote the French govern- 
ment a “frosty” letter insisting that the en- 
tergement go through as agreed at the Edin- 


burgh summit meeting in December 1992. 

In an attempt to defuse the tension, the 
president of the European Parliament, Egon 
Klepsch, a German Christian Democrat, 
wrote to the foreign affairs committee of the 
National Assembly to express certainty that 
parliament wffl sign contracts lo build its Dew 
headquarters in Strasbourg. 

“His written commitment is quite dear and 
firm.” said Mr. Balladur, who meets with 
Chancellor Helmut Kohl this weekend. 
“Now it's a question of making sure it is 
upheld, and upheld over the years.” 

Mr. Prag said, however, that Mr. Kiepsch’s 
assurance was legally worthless. He accused 
tire French government of trying to press Mr. 
Kkpscb into “illegally placing an order to 
build a new assembly chamber .** 

“He has no right to do that," Mr. Prag 
added. “This has to be a decision of the fufl 
assembly.” 



enyan Leader, Dies 


Reuters 

NAIROBI — Jananogi Ognga 
Odinga, 82, Kenya’s most promt- 
seat opposition politician and. .a 
former • vicepresrocnl, died -Thars- 
‘i day of abcart attaekin Kis nmn in 
western Kenya. 

Kenya’s first vice president alter 
independence in 1963, Mr. Odinga 
was the leader of the main FORD-. . 
Kenya oppoation party in the 
country’s first multiparty parlia- 
ment for meat than two decades. 

Known as Double O, Mr. 
Odinga was opposed to Freadcat 
Daniel arap Mai, a vocal critic of 
high-level corruption and a leader 
of the successful campaign to end 
one-party rule. L 

Mr. Mot, under immense foreign 
pressure, was forced to fall in fine, 
with a continent-wide tread and 
returned Kenya to pluralism in De- 
cember 1991. But the Forum for 
(he Restoration of Democracy spin 
in two before the country’s first 
multiparty election 12 months later 
and Mr. Mra was easily re-elected. 


- Kenya’s founding father,. Jam© 
Kenyatta, forced Mr. Odinga from 
the via; presidency in 1956, partly 
to ccmsofidalehis own power base, 
but also, because Mr- Odinga’s left- 
ist views was at variance with his 
pro-capitalist and pro-Western 
stand. . 

Yevgeni Ivanov, 68, 

Spy in Profmno Scandal 

MOSCOW (AP) — Yevgeni 
Ivanov, 68, the Russian spy whose 
involvement in a 1960s sex scandal 
brought down , a British defense 
mmistov has died. 

As a Soviet mlimy intelligence 
officer in London m the early 
1960s, he began, seeing Christine 
Keeler, who also was sexually in- 
volved, with' the secretary of state 
for war, John Profinno. 

. When questions were raised 
about a possible security breach, 
Mr. Prafimao at first dented know- 
ing Miss Keeler, then admitted to 
the affair and resigned June 5,- 
1963. The scandal shook the gov- 


ernment of Prime Minister Harold 
Macmillan. 

Yen aria-kan, 90, 

Former Taiwan. President 

Hew York Tima Service 

Yen Chjakan, 90, president of 
Taiwan from 1975 to 1978, died 
Dec. 2 A in Taipei, the Chinese In- 
formation and Culture Center in 
New York announced. 

Mr.. Yen became president under 
a provision of his country's consti- 
tution, upon the death of Gtnang 
Kai-shek, the longtime Nationalist 
leader, in 1975. Mr. Yen, who was 
often called C K. Yen in the Eng- 
lish-language press, held office as 
pxeadmt during the three-year bal- 
ance of Chiang’s term. 

Michael Gale, 53, who steered 
Hongkong Telecom Ltd. through 
its 1988 stock flotation, died Tues- 
day of a heart attack, a day before 
he was to have boat appointed dep- 
uty chairman of the company. He 
joined Cable and Wireless, owner 
of Hongkong Telecom, in 1959. 


Allan G. Odell, 90, who devel- 
oped the roadsde rhymes advertis- 
ing Burma Shave cream, died Mon- 
day in Edina, Minnesota. The 
couplet was written on five sequen- 
tial billboards. A sixth always read, 
“Burma Shave." At one time, there 
were 7,000 sets of signs in 45 states. 
He became president of the compa- 
ny in 19*8. 

Doth) Kirscbeabanm, 99, a dealer 
in rare books and manuscripts who 
was regarded as the dean of Ameri- 
can booksellers, died Wednesday 
in New York. He began selling 
books at 8 from bos father’s push- 
cart in lower Manhattan. He rose 
to the top of the trade by dealing in 
American rarities, especially of the 
Founding Fathers and Abraham 
Lincoln. 

Sofia Mnvafahit, 97, pioneering 
Turkish actress who launched her 
career at a time when religious con- 
vention in Turkey barred Muslim 
women from the stage, died Friday 
in Istanbul. 


LEAVING HOME: 

A Memoir 

By Art Buchwald 254 pages. 
$22.95. Putnam. 

Reviewed by 
Cyra McFadden 

Tp HE newspaper columnist An 
J. Buchwald should leave his 
brain to medical science. We need 
to know even more about him than 
he teds us in this strikingly honest 
memoir, because if Buchwald has a 
mysterious extra chromosome, we 
should do our damndest to repli- 
cate it 

The celebrated humorist had the 
kind of childhood usually associat- 
ed with serial Jailers. He grew up in 
orphanages and foster homes and 
never knew his mother, who, short- 
ly after Buchwald was bom, en- 
tered a mental hospital and spent 
the resurf her life there. At J4, he 
experienced another abandon- 
ment: His father, a struggling drap- 
er, finally managed to make a home 
for Buch wald’s three older sisters 
but didn't include his son, whose 
understated comment on this blow 
is “1 was vety hurt" But instead of 
becoming a sociopath. Buchwald 


became a professional funnyman 
and a national figure whose col- 
umns skewer pretense and politi- 
cians- He pulled off this feat by an 
act of w3L “I must have been six or 
seven years old and terribly lonely 
and confused, when I said some- 
thing like, ‘This stinks. Tm going to 
become a humorist’ " 

Score one for humor as a means 
of survival and not, as some psy- 
chologists believe, a ruse to avoid 
confronting pain. For Buchwald, 
we learn in “Leaving Home." it’s a 
means of facing his demons, staring 
(hem down until they slink away. 
Tothe same end, he has spent years 
in therapy, coming to terms with 
okl wounds and living through two 
clinical depressions that were so 
devastating, be considered suicide. 
What stopped him was the fear that 
“I would not mate the New York 
Tunes obituary page. 1 was sure it 
would be just my luck that Charles 
de Gaulle would die on the same 
day and all the space would be 
taken up with tributes to him.’’ 
Buchwald planned his funeral 
anyway. The star-studded gathering 
in Washington would be followed 
by a memorial service in New York, 
“conducted by Tom Brokaw, John 
Chancellor, and Walter Craniate.” 
While the fantasy stops just short of 


a riderless horse, the depress oos 
were no Ianghmg matter. The first 
“required a mcnm erf hospitalization 
and weeks to recover." And yet 
Buchwald insists, as he does 
throughout this autobiography, that 
adversity has hs uses. Even suicidal 
depression can be a positive thing: 
“If you don't hurt yourself, you can 
gain tremendous insights and empa- 
thy, find inner strengths and hidden 
taicdts. It’s a mysterious process, 
but if you can hold on, you become 
a wiser and better person.” 

In fact, he’s so determined not to 
tug on our heartstrings that his prase 


him to write, “1 never experienced 
any cruelty from the people I lived 
with, except when I was unhappy 
and invented it," although most 
readers of “Leaving Home" won’t 
agree. But in this golden age of the 
victim, it’s hard to fault Buchwald 
for not joining (be ranks of the ag- 
grieved, competing for who had the 
toughest childhood. He must have 
been a plucky kid, to use an old- 
fashioned word, and as an adult, has 
a dassy, old-fashioned gallantry. 

At 17. having lied about his age, 
Buchwald joined the Marines, 


NEWS EVENTS WHICH AFFECT 
YOUR UFE THIS YEAR: 


where he found his true family and 
“the best foster home I ever had." 
His wartime experiences, a sub- 
stantial pan of ms book, are well- 
told but prove the adage, "You had 
to be there." Far more entertaining 
is bis account of postwar Paris, in 
the gloty days of the GI Bill of 
Rights, when he and his friends 
were young and “as unfettered as 
we would ever be. We bad enough 
money to gel by, and we bad no 
responsibilities. We fell in and out 
of love and we talked an awful lot 
with each other at the sidewalk ca- 
ffs." Best of aD, in Paris, Buchwald 
conned his way onto the staff of the 

distinguished career. ^o one could 
possibly deserve one more. 

Cyra McFadden, the author oj 
"The ScriaT and “Rain or Shine: A 
Family Memoir , " wrote this for The 
Wasfiinpon Post 


NEW AUTHORS 

PUBLISH YOUR WORK 

ALL SUBJECTS CONSIDERED 
Authors World-wide invited 
wme or send your manuscript to 
MINERVA PRESS 
OLO BROMPTON RD. LONDON SW 300 




‘ " • . * 

grumhim 

VV - -V-V -4 


oiNfjei^v | 

* ~ . . * ■ . <-;• . -7-', ? ’?/.*, ! ..•••. .j, 

S. economy f j 
is recessinn ^ 


ACROSS 
t Tcss 

Durbeyfield’s 
seducer 
5 In i good 
lookout 
position 

.4- GaraeMver, it 
times 

13 Word of woe 
. 17 Beans 
19 He played 
Ugartein 
“Casablanca" 

21 Word ending a 
radio 

announcement 

22 Mona — — 

21 REAGAN, TO 
BUSH 
25 AR MY 
CRTTTERS? 

27 Persevering 

28 Shaggy-maned 

mammal 

30 Gaucho’s home 

31 Booty 

32 Mickey and 
Mighty - 

33 Fluff 

34 Milnwheio. 

37 PARTS 

40 Tai Mahal city 

44 mode 

45 Almost 

47 Reinforcement 

48 In media* — - 

49 FesriraJ 

51 Tom ol the 
T-M Bar Ranch 


. 52 tngo 
. 55 ~ — blanche 
(sword) 

54 CLEANING- - 
RELATED 

60 Comers’ heads 

61 It often comes . 
with a twist 

63 Onetime 
Dodge model 

64 1983 Michcncr 

• bestseller. 

65 Signs of 
boredom ■■ 

66 Barbershop . , 
sounds 

67 Dumas’s *The 
Black'—’ 

68 Mugged, maybe 

70 Jim Backu s 
provided ms - 
voice-'- 

71 Rids’ board . 
gam* 

73 One who’s 
5tai3irDck 

7 * TUNA SALAD 
STAPLE 

74 Vituperates, 

. wJA’ihrq" 

78- Traveler’* aid-; 

“80 Consoles, 

- perhaps 

81 Flappers? 

82 Printers’ 
measures 

S3 Cadne 
equipment 

85 Most parched . 

88 Court matter 

89 Retardant 


LEAP MOS ? By Charles M. Deber 

91 SlALEVElW ° ^- Y °*Ttmes Edited by Will Shorts 


FOLLOW THE WORLD EVERY DAY IN THE IHT 


Sohrtwo w> P<M*k of Jan. 15-16 


HRDD nnefilB 
nririn nO0t3 Elf"lf300 
SSmoaSHn nnnnH nnnnn 

ggss^ranMaB 

^3npnnn a !5nnn n DnRnnnnn 
3r3r?rin nnflfTrr ooFHunnnno 
SnrJma ' noonn nsrcn nnoii 


NIAL EVENT 
93 Rubs out 
95 Some banks 
have them 
'97 Chop-chop . 

98 Cordon< — — 

■ 99 Equus - 

. bemiomu - • 

102 Prearrange-. 

104 The Yankee 
Clipper 

108 JUST-IN. 
CASE CRAFT 

110 FIX-UPS 

112 Quotation 
n oiatioti? : 

113 Shoo, to Socks 

114 Working stiff. - 

115 Conductor 
Koossevitzky 

116' Monster's _ 

. home? ' 

117 Novel ending 

11* Fox hunt cry 

119. Summer shins 


DOWM ,.- T .. 
1 Sacred serpents 
. 2 Tradition has it ' 

3 Gazed upon'' 

4 BAYOU : : . • - 
RESIDENTS- - 

5 Alaskan people 

6 Start oia bowl 
game 

- 7 Heraldic golds " 
8 Recdradc ' 

■9 ——avail. >■ 

. (fitiitiess) 

ID Stratford 
stream 

11 Increase ihe 

r.p JSt’f 

12 Said “Let’s 
wed" 

D WcHokygrad 

14 5peak«h? - • 

15 Drifting . 

16 Snurtajk . 

18 Gimfjgbz tire, 

in films- - • 

20 Lpooime Susan 
Lucoztrfc 
24 SiajarTeter- 
26 Raboir't foot 

29 Milosevic, e.g. _ 
J2Y«arinthe 
ro^n of Louis 

■31 Transferable . 
print 


ri 2 inr 


IS • r a 


54 'Lonesome 
Ekwe“ genre . 

55 Wake-up call 
$6 VERBAL 

blunder 

37. African 
antelope 
. 58 Bandleader 
Shaw and 
namesakes 
.39 1962 film — 
. Bulba" 

41 TENSE 

. STUDENTS? 

42 Did not 
premiere 

43 “You — For 
H" (old Art 
-Biker show) 

46 Approval? 

50 Bubbly 


53 do 

fieainf-Ans 

54 'U 

Misanthrope'' 

author 

56 Ludty strike 

57 Arthur Murray 
lesson 

58 ftlgel’s locale 

59 G.O.P. 
bnthpbre 

62 Poenc 
concoction 

64 All-nanrral 

66 Skater David 

67 Cup of cafe 

68 Goaded, with 
“on" 

69 Volcano's 
opening? - 


U I m in |i IWi In in in 


l*fl « I« 


Its l T Trr 


70 Colognes 

71 Mannerly 

72 Berlin’s river 

74 Rivers and 
others 

75 Walk into — — 

77 J.F.K.. drop-ins 

79 Cowslip 

84 Tiff 

85 Curtains 

86 Onetime march 
site 

87 Dog reward* 

90 Heathens 

92 Seize the throne 

W SHAKE- 
SPEAREAN 
LASS 

96 Thrice, in 
prescription!. 


•>8 Pull-up assis ter 
99 Wang Lung's 
wile 

100 Diamond group 

101 Judean prophei 
IQ2 Immediately, to 

a surgeon 

103 Ferrara family 

104 Avant-garde 
writer Floyd 

105 A1 from 
Tennessee 

106 "The Dark at 
the Top of the 

Suins" 

playwright 

107 Sugars 

109 Don't just sii 
there 

11 J A deer, a female 
deer 


Subscribe now 

and save up to LffTT / u cover price 


CALL US TOLL-FREE 

AUSTRIA: 0660 B15S LUXEMBOURG. 0800 2703 

BEGUM: 078 1 1 7538 SWITZBUAND: 155 57 57 
FRANCE: 05437437 TO NETHERLANDS: 060225158 
GERMANY: 0130848585 UNITED KINGDOM: 0800895965 

Or send in the coupon below. 


StfKcrip&on Rasas 4 5av»ifl& oP MT cavarprtm. 


Counny/Curoney 


GmaBnBin 

Gmtce 

Ireland 


Span Was. 

-fanadafr.Matfcd Pas. 

S*edsn lantnaii SKr. 

-handiMwety SJtr. 

Smawland S.ft. 

Resltrf6i«)pa,N.Ahca. tonner 
Ptenih4(na»n.MidifleEaai S 

GuB Saw*. Asia. Central **> 

Scuft America 6 

Raa trf Africa S 


12 month* 
+ 2 month* 
FREE 

SAVWas 

torlywr 

B months 
+ 1 month 
FREE 

3 months 
+ 13 FREE 
Issues 

6,000 

. J » • 

3.300 

1,800 

1L000 

- 36'-. 

7.700 

4.200 

3.400 

-~-aa 

1500 

1450 

2.400 i 

■<m .. 

1^00 

700 

t^50 | 

«• 

1X170 

590 

700 

SSL- 

385 

210 

210 

32 

115 1 

65 

76.000 

-■ j 

«4W> ! 

22JW0 

230 

3? 

125 

aa 

500.000 

.- 4* ■'! 

27SM0 

150.000 

i*xm 

-■OK ■ | 

7.700 

4,200 

770 

xsoo 

<74)00 

: 40 • 
-36 • 

420 

230 

SBJOOO 

14,000 

4AOOO 

3* •• ..- . 

S&50Q 

14JO0 

sjjpa 

24 . 

77JS00 

14^00 

3.100 

•24 - 

1,700 

900 

3^00 

26 

ijno 

1^00 

no 

T V44- : 

335 

18S 

630 


345 

1» 

780 

’ * ’J 

430 

235 

900 

- 

495 

270 


Yes, 1 want Id s>ar7 rectifying ihe IHT, This is Ihe suriscripfcn term 1 prefer 
(check expropriate bams): 22-1-94 

□ 12 months (364 issues in erf with 52 bonus issues). 

□ 6 months 1 1B2 issues in dl vrifc 26 bonus issues). 

O 3 months (91 issues in erf wilh ?3 bonus issues). 

I 1 My check il endowed [payciJe to ihe Intemaliond Herald Tribune). 
D Please charge my: O American Express □ Diners Ckib D VISA 
G MasterCard □ Furocard □ Access 

Creeil asti eberges wflJ be mode 'm French Frtmcs erf cunerfl excKenge rates. 
cabdacct.no 

EXP. DATE SIGNATURE 

roRBLBII^SSOBDBS.PlEASErCtCATCYOWJTSfilNUMBR 

(B-fT VAT rW^‘fW<i73i02 1 ' 2«.l} 

□ Mr.D Mn G MeuFAMLY NAM£ 


PStMANENT AD06E5S: U HOME J BUSMESS. 


* Foftifarrrwtwnewi»iiWio fvanMetv9»yri major Gemran owes cat lofl Jim IHT 
GetmemyaC £030^4 BSB&orhix(0B0) I75*ia Under Gemian rvjuMons. a2-W9ak 
hen penod Is gnnmi Jor a| new oedera. 

4 W BVTEBNAT10NAL fjgpt) «. 4 

lirral 0^v»&. fcnbuiif 

msUiMua Mem th*. if* vnu. twks uno -nut wuHmcnn row 


OTY/COOe. 


HT. 181 AyowwOwn fai da Genrf*. 92521 Nwjjv Ce^.. Ftonce. o 
fas 33,1,46 37 0651-Teb 33.146 3793 61 x 

Tha eiffisr aspires an MtrchSl, 1994 end it moifai>fe*> nr* ahxribcnoriy. Lt 


i h 1 rw »■ i ■ r 

wiMjer , 
Cafe, France. 





- — Omsk ... 


SATURPAY-SUNPAY, JANUARY 22-23, 1994 


P I N I 


A 'Clinton Doctrine 9 That Permits Russian MtMUing 


The Counsel’s Independence 


W ASHINGTON — In Mos- 
cow, BiU Clinton pretty 
much handed off to Russia the task 


By Stephen S. Rosexdeld 


U.S. Attorney General Janet Reno has taken 
two injpanam steps toward ensuring that the 
inves tigati on of the Whitewater affair will be 
led by the "ruggedly independent” lawyer she 
Had promised to appoint. Robert Fiske, named 
aerial counsel by Ms. Raw on Thursday, may 
fit the description. Mr. Fiske comes recom- 
mended for his legal skills, especially his ability 
to handle complex, high-profile cases like this. 
He served as ^air man of the American Bar 
Association's standing committee (hat screened 
federal judges. He also brings a reputation for 
fairness and an impressive prosecutorial record 
as U.S- attorney in the prestigious Southern 
District of New York. That Mr. Fiske, a Re- 
publican, filled that position under former 
presidents Gerald Ford and Jimmy Outer says 
something about the regard political opposites 
have attached to his work. 

His selection, however, is almost rivaled in 
importance by the scope of his inquiry. Ms. 
Reno has derided — wisely, we think — to 
leave that up to Mr. Fiske. His general mandate 
is sweeping: to find out whether there have 
been any violations of federal laws by anyone 
relating “in any way” to President and Mrs. 
Gin ton and their relationships with the failed 
Madison Guaranty Savings & Loan, the 
Whitewater Development Corp. — in which 
the Clintons were partners with Madison's 
owner — and Capital Management Services. 

Nothing, it would appear, is off hunts to Mr. 
Fiske. That includes whether the CHntons were 
aware of any financial improprieties relating to 


the flow of hundreds of thousands of dollars 
that may have passed through Whitewater's 
accounts. The alleged diversion of Madison 
funds into a Gin ton gubernatorial campaign 
wiD also crane under scrutiny, as will Madison's 
possible lenient treatment by Arkansas regula- 
tors on Governor Clinton's watch. 

The probe will have two other intriguing 
aspects. The Capital Management Services 
relationship involves the case of David Hale, 
the former Arkansas municipal judge who 
goes on trial soot for allegedly defrauding the 
Small Business Administration. Judge Hale 
has charged that he was pressured by Mr. 
Clinton and his Whitewater partner, James 
McDougal, to make a $300,000 loan, backed 
by the Small Business Administration, that 
turned up in Whitewater accounts. 

Mr. Fiske says he will also try to find out if 
the suicide of Vincent Foster, the White 
House deputy counsel, was connected to any 
of the Clintons' Arkansas affairs. That is a l&Q 
older, especially since Mr. Fiske needs to be 
thorough at the same time as he needs to 
ensure that his probe is brought to an ex- 
peditious conclusion. 

Ms. Reno says she does not expect the 
counsel to report to her. “I expect him to 
repot to the American people, and 1 do not 
expect to monitor him. " That is important, 
and it is right. Tbe credibility of the investiga- 
tion depends not just on Mr. Fiske’s skills but 
also on his independence. 

— THE WASHINGTON POST. 


of policing the unrest in the border- 
lands that formerly were part of the 
Soviet Union. Boris Yeltsin bad 
asked the United Nations for such 
a grant of “special powers.” Presi- 
dent Clinton enunciated a kind of 

It comes dangerously 
dose to making America 
a tool party to the 
reconstruction of 
the Russian empire. 

Clinton Doctrine, one applying not 
to restrictive standards for U.S. in- 
tervention but to permissive stan- 
dards for Russian intervention. 

He characterised Russia’s involve- 
ment in Georgia — where the Rus- 
sian Army first contributed to and 
then exploited the local government's 
duress — as “stabilizing.” He went 
on to liken Russian involvement in 
such operations to American involve- 
meat m Panama and Grenada “and 
other places near our area." 

Two standards were specified: In- 
tervention must be consistent with 
international law, and when posa- 


offered a broad blanket dispensa- 
tion for cases where (he demise of 
lotah tarian rale uncocked old con- 
flicts; this can be read to apply to 
almost every little war in die Rus- 
sian “near abroad." 

The striking aspect of this pro- 
nouncement is. of course, t hat Mr. 
Climcm is so much more clear and 
forthright about Russia*! interven- 
tion in situations of strife near its 
borders than he is about America's 
intervention in stuatioas of strife 
far from its own borders. 

No less striking, ire is making a 
gesture of great deference to Mr. 
Yeltsin. The Russian is under grow- 
ing pressure from the nationalist 
right to conduct a rigorous and inter- 
ventionist Russian foreign policy. 

Secretary of State Warren Christo- 
pher bad already observed that the 
countries of the former Soviet Union 
were “a long, long ways from the 
United Stales” and that Russia could 
act to guarantee regional stability if it 
respected ‘international norms." 

Little wonder, then, that days af- 
ter a beaming Mr. Ginton came 
home from Moscow, Mr. Yeltsin’s 
foreign minister — and he is one of 
tire good guys — fudged as earlier 
pledge to pod all troops out of the 
Baltics. Openly he enunciated a 
claim to re-establish a traditional 
“sphere of Russian interest" (“we 
should not fear the words") in the 


newly independent stales created 
oat of the forma - Soviet Union. 

This from a man, Andrei Kogrev, 
who a year ago was cautioning of a 
comeback by those with a “fascist 
ideology” andwith“a grand vision cf 

of the fanner^L^^j” 

Let ns stipulate that it comes nat- 
urally to a country with a long geo- 
political reach (the United States) or 
an dd imperial habit. (Russia) to 
assign neighborhood jmerventkm 
rights to the metropolitan power.' 
Set aside tbe modest irony of a 
somewhat liberal American presi- . 
(text embracing the Keagas-Bush 
interventions in Grenada and Pana- 
ma. Set aside as well the painM 
irony of tire lapse of the American 
interventionist urge in present-day 
Haiti. Policing what is, in fact, a 
sphere of interest is a famffiar geo- ■ 
political chore, and is far from in- 
herently reprebeosibie. 

What President CHnton. faded to 
fold into his itanarics in Moscow, 
however, is the potential dark side 
of the Russian interventionist trend. 
Two researchers, Fiona Hill and 
Pamela Jewett, spell it out in a Ken- 
nedy School paper, “Back in the 
U.S.SJL" Moscow, pretending to 
good deeds, is exploiting regional 
conflicts to destabilize its neighbors 
and reestablish its authority, toejr 
say; Washington is “acquesong in 


.toede facto reconstitntion of the 

.U&SJR by turning its bea d." 

That strictness ml exaggerated 

or at least premature omhausen. In 
any case, the CEnton view skips P 3 ^ 
the fact that the Russian Army is . 
nwrinjc not iti the relatively settled 
geopolitical conditions of Crated. 

Ameri ca JHyl 'fty* Qnj|ft«ni hot in 'an 
anytinng^an-happen context where 
no J?des RfiaMy apply. Here civilian 
Rnfoan nstin nalistn B compounded 


is evident und-morc 

uttsetding/Mr. CHnton s respons es 
are going tobave to ^ jwened 
His commitment to Bons Veto 
«mnn r be allowed to extend to toe 
point where the United State be- 
cants by default ajparty to toe re- 
construction of the Russian empne.: 
The Wadungum Past. 



B* TOM tattoo* (Amaodwa). C*W 


Qip This Old Bird’s Wings Korea: Long-Ago Appeasement Narrows the Options Today 

J- ^3 ■«. r CIU vnov inMM, themnet n A M 11 .1 1 M^. 1 . V«. d.lUI iMiw4innt «nin In With onlv hard militaiy options, the Gin 


Old weapons systems never die — even 
after the mission they were designed for van- 
ishes and the service that wanted them 
changes its mind. 

Consider tbe prohibitively expensive Mil- 
star satellite system, which was created by the 
Pentagon to rday military orders dining a ax- 
month nuclear war against the Soviet Union. 
Never mind that a nuclear war lasting six 
months was always hard to envision or that 
the Soviet Union no longer exists and tbe 
likelihood of war with its successors has 
all but disappeared. 

Tbe satellite program is marching ahead 
under a new flag that proclaims it can be 
adapted for use in conventional ware — de- 
spite huge cost and against the wishes of tbe 
air force, which Lried to kfll it to save money. 

Tbe Pentagon has already spent SiO billion 
to design and build two of the communica- 
tions satellites capable of protecting them- 
selves from nuclear attack and transmitting 
messages to launch U.S. missil es. Now top 
civilian officials in the Pentagon want S6 
billion mare to redesign and build four more 
satellites and send ah of them into orbit. 

Of course, tbe Pentagon needs satellites to 
communicate securely and instantaneously 
with its far-flung commands in wartime. But 


Milsiar is tbe pterodactyl of the satellite age. 
If the Pentagon gets its way, roughly half toe 
money spent on military space communica- 
tions would go to keeping Milstar alive. The 
Pentagon wants to redkign MDstar to expand 
its extremely limited data- handling capacity. 
It would replace Mils tar’s low-data-rate tran- 
sponders, which can handle only 100 short 
messages ax a time — at data rates a typical 
computer modem can beat The new tran- 
sponders would have 10 times more channels, 
but that is still a fraction of the capacity of 
today’s run-of-the-mill communications satel- 
lite — and at seven times the price. 

In buying Milsiar the Pentagon is paying 
for protection the satellite does not need — 
hardening it against nnclear blasts and equip- 
ping it with rockets to evade attack. That is an 
unnecessary extravagance. So is toe cost of 
lifting tbe five-ton beast into orbiL 

Instead of paying Sl.4 Union apiece for 
new MBstars, toe Pentagon could buy a top- 
of-thc-line commercial satellite for $200 mil- 
lion. Tbe next secretary of defense ought to 
seize this opportunity for savings. Otherwise 
Congress should force the Pentagon to dip 
this pterodactyl's wings and replace it with a 
more effective, less costly bird. 

— THE NEW YORK TIMES. 


VT EW YORK — For Americans, toe most 
IN dangerous foreign problem of the moment 


A Post-Quake Social Policy 


“Why us?" the dozens of the Los Angeles 
area have a rigbtto ask. Why fires and droughts 
and riots and unemployment and now a devas- 
tating earthquake? Californians made living on 
the edge, both personally and geologically, lode 
so easy for so long. Is tragedy now inherent to 
Southern California, a place once known for 
optimisiiLriKlividualisin,monJKJUsmx^Hlity — 
soda! as wdl as geographic — and a rich ethnic 
and social diversity? 

These sorts of Big Think questions are pop- 
ular whenever new tabulations strike South- 
ern California, partly, we suspect, because 
many outsiders are jealous of the people who 
live there and enjoy pondering their troubles. 
Others just don’t understand the place at afl. 

The disruption created by tbe earthquake, 
and toe reaction to it. do tell us something 
about bow Southern California works: that 
despite all the bad raps that part of the state 
and its inhabitants take, it does not lack a 


powerful sense of community and a commu- 
nity wflL We speak here not just of toe many 
heroic stories of neighbors helping neighbors 
and strangers helping strangers, but of larger 
cooperative efforts at rescue and restoration. 

But obviously Californians cannot begin to 
do it alL Aid from tbe federal government is 
essential. This is an issue on which President 
Bill Ginton has acted with proper speed. We 
doubt there are many people in the rest of tbe 
country who will begrudge the assistance that 
will now quickly flow to those whose homes 
and business have been destroyed by the acci- 
dents erf the Earth's movement. Fortunately, 
calamities of this sort tend to mote regional 
rivalries and temporarily still toe voices that 
normally cry out against acts of generosity 
sponsored by government. “There but for the 
grace of God go f toms out to be a reason- 
able guide to social policy after all 

— THE WASHINGTON POST. 


A Freeze on Government 


Make no mistake, toe Big Chill is serious 
business. As toe New York Tunes headline 
said Thursday, this week's record- and-bone- 
breakingcoklm America has disrupted “pow- 
er, travel and life in general.” Trains have 
been canceled, stores closed, emergency 
blackouts ordered. Tbe one redeeming feature 
in all this misery is that the nation may learn 
to survive whh a smaller federal government. 

It may even learn to live with fewer lawyers, 
or at least with lawyers working fewer horns. 
The noted firm of Arnold & Porter sent every- 
one home at 4 P.M. Wednesday, causing high 
anxiety. “It’s a major economic derision for an 
organization that bills by toe hour,” toe firm's 
manag in g partner lokl The Washington Post 

Meanwhile, the Office of Personnel Manage- 
ment in Washington — responding to an emer- 
gency request by toe Potomac Electric Power 
Co. — closed government offices Tar all but 
“essential personnel" at 3:01 PM. Wednesday 
and kept them closed Thursday. It told “essen- 
tial staff” to dress warmly inside the office and 
to use tbe stairs instead of tbe elevators. 

Think of toe identity crises this worthy 


directive most have caused. People of unques- 
tioned essentiality — the chairman of tbe 
Joint Chiefs, for example — could obviously 
go to work confident that no one would ques- 
tion their intrinsic importance. 

But what of those wretched souls on toe 
very cusp of indispensability? Does one stay 
home and concede one's inconsequence? Or 
does one dress warmly, hustle to the Interior 
Department and climb tbe stairs rally to bear 
toe boss say, “You’ve overreadied, Ruther- 
ford; go back to bed”? 

Yet think of the pluses. Think of afl those 
faxes that never needed answering, of aB those 
lobbyists with nobody to buttonhole, of all 
those bad decisions that never needed taking. 
And — just possibly — of all those empty 
offices that never needed filling. Hillary Rod- 
ham Clinton’s staff is larger than Franklin 
Roosevelt's during the Depression, and Vice 
Presi dent A1 Gore’s is larger than FDR’s 
during World War II. Are all those people 
necessary? Nature, for one brief, frozen mo- 
ment, has imposed an answer. 

— THE NEW YORK TIMES. 



International Herald Tribune 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 

Cti-OtiHrnwr, 

RICHARD McCLEAN. PMaher 4 Chief Extrunve 
JOHN VINOCUR. EiramveEditY & VkePrrxkn 

• WALTER WH 1* NfM EtBxr • SAMUEL ABT. KATHERINE KNORR and 
CHARLES MnUHELMORE Dtpm • CARL GEWIRTZ. .la/***- O&nr 

» ROBERT J. DONAHUE £&>r«<dir Er&anJPafsa • JONATHAN GAGE, Buoru’xs ondFmtmu; Editnr 

• REN£ BONDY. Deputy Pubhrher • JAMES McLEOD. AAwaww Dim** 

•JUANITA L CASPAR!, InternawnJ Drjehfrrtrte threat <r • ROBERT FARRL CinuLa « llurarir. Eunice 

DiOXteurdeUi Puhbtu&m : RkhurdD. Sunnm\ 


181 Avenue CHfffcvdc-Gaiillc. 92S2 1 NwiDv-vur-Scme. Frarac. 
TcL : tl 1 -HjL37A>.VU1 Fjx : Grcufcfttun. 4ft37.U6J I: Advertising. 4GJ7.5111 
fifcr fur Am l- Mkiuel Fk hanbm, J Catrrfwry FtL Sngapm 051 1. Ttl ,65l 472-77W. Fax fhSf 274-23J4 
Dir. Aw. Ftdf 0 KnuupuM. 5 0 (jlaucntrr ft/., Won t Eang. Tel. HlilJKilb. Fax: Shl-3073 
Mae. Dir. L'X. (Jam Theme. b3 Lon* Ann. Lunhw NCI TeL 1 0?l I ■‘Uft-WC. Far fff7l 1 240-2254 
■- .. ii_. -* — u/ fimWvk^r fi iwiraAift (VJ P f FmrAhostM. TrL I^IWj Tito 53, AztfMWj 72 iS W 


1 rWHE. I /If. UjL. uurri I 'V IW'*. ' - 

! Cm Orman: HC Latnbach Frietlritktr. 15. fflJH Fna/furt/M. TtL IWW) 5* A75£ FaciUfffl 72 ti III 
' KZi ThfdA*. A* York NY. OKI TeL f’/Zl TT.-Wl Far (212, SJJfW 

I sa. au i apilal dr 1.200 MX) F. RCS NuiUerrr B 732021126. Crwuiiuan Paruttifr No. 01337 
I v / htirmsmd HrnH Tnhn. M nx/es rrservrd 05Y" M2WHS2 


is neither Bosnia, the Middle East nor Russia 
but toe one they are paying toe least attention 
to. It is playing itself out in Washington, Vien- 
na and a country only a handful of Americans 
have ever seen, or want to see. 

If any crisis boQs over, tbe one guaranteed to 
involve American forces is North Korea’s drive 
for nuclear weapons. The crossroads for both 
countries could be four or five weeks away. 

U.S. government experts believe that North 
Korea already has a nodear explosive device, or 
is a screwdriver away, so dose that it has to be 
considered as nuclear-armed. 

Americans remain casual because the Gin- 
ton administ ration, which inheri ted the latest 
Korean problem from the Reagan and Bush 
administrations, has not spoken lucidly and 
fully about it to the public. 

Faced with the possibility of war with 
North Korea, toe a dminis tration has done a 
“lousy job" of explanation to toe public — 
the summation of one high official. After pok- 
ing around, I think the reason is that President 
Chnum is not keen on saying that if North 
Korea does not do as he asks, his options 


By A. M. Rosenthal 

run from the risky to toe unacceptable. 

For that, tbe Amen can people can blame not 
Bill Ginton but a quintessential act of appease- 
ment and betrayal that took place a year before 
he was bom. 

In 1 945, after World War Q, America turned 
over half of Korea, a unified country brutally 
colonized fay Japan, to Joseph Stalin. 

Add toe last seven years of American did- 
dling about North Korean moves to unclear 
power and here we are — way up a mistake- 
filled creek, waiting for the president -to 
produce a magic paddle. 

Mr. Ginton is asking North Korea to allow 
unconfmed scheduled and unscheduled inspec- 
tions by the International Atomic Energy 
Agency, based in Vienna. Bm North Korea has 
delayed and defied for so long that there is no 
guarantee that the safeguards left behind to 
spot violations between on-site inspections are 
now credible — that camera batteries func- 
tioned continuously, fra instance. 

U-S. officials say that every passing day puts 
another nick in toe credibility. And this week 


North Korea stalled agency inspections In 
nrid-February toe agency will meet in Vienna to 
riwtitfe on thaL If it says North Korean delays 
could have allowed it to push unseen toward 
nodear power, what then? Mr. Gintoa would 
have to answer in any foil briefing erf the public. 

Economic sanctions? To make them work, 
rhma. North Korea’s ally, would have to agree; 
it has not done so. 

How about bombing out North Korea’s nu- 
clear plants as isradmd in Iraq in 1981? But 
the United States does not know where all 
Noth Korean facilities art And the Iraqi plant 
was not in operation. North Korea's are hot 
What would be the fallout? 

And consider this point, brought up fay Paul 

Leventhal, president of -toe Nuclear Control 
Institute: North Korean retaliation to bombing 
could result in vastly more fallout in the South 
tlum in the North. 

Sooth Korea, he says, has nme midear deo- 
tric-power plants within easy range of North 
Korean bombers. They total 7,60ffmegawaits, 
North Korea has S megawatts at its suspect 
operating reactor, and 30 megawatts in a plant 
under construction. North Korean retaliatory 
bombing could bring Chcmobyls, multiplied. 


' With bnly hard military options, the Gmton 
people talk in cool, careful la ngnag e. That can, 
be upsetting to the appeasanmt-wary. , 

. Buttoe ad i t tii ii a tr anan denies, flat out, th atit 

iSSTfhe SatNorto.' 

iCwawin will accept the carrots of recognition, 
-economic ties aim maybe “peaceful” n u clear 
technology. That last ooukl be an invitatkm to 
more trouble. , 

Two things might dow. Pyongyang* risk-, 
prone Communist monarchy. One is a privare 
written presidential promise — if they bring it 
all to war they will be hanged when captured, 
no Saddam deal - 

And without «mfiring bis human rights 
stand, Mr. Groton could, tell toe Onnese. 
straight: Join us in embargo of North Korea or 
count us gone, along with any BapngWashing- 
ton economic and political future. 

On toe North-South dividing line stand 
some American soldiers whose parents were* 
noteven bom when thebetrayal of Korea took 
place! Appeasement has a long life. Another' 
^aration ^ rray s gets stuck with looking for 

' The New York Times. 


The r Hostile Press 9 Makes a Poor Alibi Way Would Anyone Want 


N EW YORK — The withdrawal 
of Bobby Ray Inman wifi, I sup- 
pose, provoke the customary lamen- 
tations about the evil wrought by a 
malevolent press in keeping tbe “best 
people” out of government 
There will no doubt be the further 
suggestion that this press misbehav- 
ior is a new and deplorable departure 
in American politics. 

But democracy by definition is 
based on disagresment, debate and 
criticism. Why should anyperson ap- 
pointed or elected to office expect 
immuni ty from toe process? 

By common consent, America’s 
three greatest presidents were George 
Washington, Abr aham Lincoln and 
Franklin D. Roosevelt. Afl were sub- 
jected in their day to savage, virulent 
and unjust criticism. 

If they were fair game, who in the 
world is Bobby Ray Inman to wril 
about “modem McCarthvism” be- 
cause three journalists dazed write 
critical columns about him — espe- 
cially when toe columns were not 
McCarthyite at all? 

McCarthyism means unfounded 
and promiscuous accusations of dis- 
loyally to the country. 

No one has so accused ihc admiral. 
His own accusation is closer to Mc- 
Carthyism than anything thus far 
written about him. 

Cynicism about people in govern- 
ment has always been an inseparable 


By Arthur Schlesinger 


and not altogether useless part of 
democracy: Congress, said Mark 
Twain, was toe only “distinctly na- 
tive criminal class." 

One tiling is new. In the past, toe 
animadversion about people in poli- 
tics generally stopped short of private 
lives, at least in the respectable press. 
Today even the respectable pros too 
often aids and abets the invasion of 
privacy. This is lamentable. But h is 
not involved in the Inman affair. 

Tbe admiral went into his suit ex- 
clusively became of questions raised 
not about his personal life but about 
his public career. 

As for the proposition that criticism 
keqjs the “btst people” out of politics, 
that was dealt with in magistral fash- 
ion a century ago by Lord Bryce in his 
classic work “The American Com- 
monwealth." He was a great fan of 
America but was much struck by the 


Two of the most celebrated chap- 
ters are “Why Great Men Are Not 
Chosen President" and “Why the 
Best Men Do Not Go Into Politics.” 
To these questions, Lord Bryce of- 
fered a number of answers: toe superi- 
or challenge of developing the materi- 
al resources of toe country, toe 
absence of a class to which politics 
carrot naturally, the prefenmee of party 


bosses fra safe over brilliant men, the 
voters' placid acceptance of medkxxe 
representation, toe fact that great men 
were not needed in quiet times. 

It will be said. Lord Bryce contin- 
ued, that “I have omitted aim signif- 
icant ground for the distaste of “the 
best people’ for public life," and 
that was “toe exposure to invective 
or ribaldry by hostile speakers and a 
reckless press.” But omit tins 
ground because it seems insignifi- 
cant," he went on. Although *one 
hears the pseudo-European Ameri- 
can complain of newspaper vio- 
lence, and allege that it keeps him 
and his friends from doing their 
duty by their country, I could not 
learn the name of any able and high- 
minded man of whom it could be 
truly said that through this cause his 
gifts and virtues had been reserved ~ 
For private life.” 

Let us hear no more of this phony 
alibi. And let us, while leaving private 
lives alone, be unflinching m the 
scrutiny of public conduct 

A statesman. Lord Bryce said, most 
learn to disregard unjust criticism 
“and rdy upon his conscience for his 
peace of mmd, and upon Ins conduct 
tor tbe respect of his co un tr y men." 

Thewriierisprofessorin the human- 
ities at the City University af New 
Yak. He contributed this comment to 
The New York Times. 


The^ VitriM andMisery? 


By James Webl> 


A rlington, vs^mia — it * 

easy to diamss Bobby Ray In- 
. man’s abrupt and seemu^jpetulant 
withdrawal of his nomination with 
the truism that of all portions (save, 
perhaps the presidency! the secre- 
tary of defense cannot afford the lux- 
ury of an eggshell ego. 

Or perhaps there were other rea- 
sons lor his witodtawaL But many 
who have left private-sector fives of 
power, prestige and financial comfort 
m recent years to face toe brutal costs 
of serving their country can empa- 
tfr qj*h fhw admiral' s 
Hist, government service has be- 
crane larapy reactive rather than cre- 
ative. Political debate is sharper and 
commentary often vicious in toe wake 
of such divisive issues as Vietnam, 
Watergate, toe aril-rights movement 
and toe sexual rcrohmon. Leaders 
who take an unambiguous on 
hey issuesare often battered by media 
and interest group reactions from 
winch they never recover. 

Second, (here is the c ommentar y 
rtsdL There have been few ti™* in 
history when negative feelings have so 
driven political thought. 

Experienced farmer nffigrafc Eke 
Me. Inman who have been required to 


tuns from years ago and excoriated 
Mr. Junian as “aati-IsacL” Then, 

_ through ^ highly selective analysis, he 
labeled ME Inman as a “flop,” a 
■^iair and a “cheat.” - 
Mr. Inman no. doubt understood 
that for a few journalists every deci- 
sion he wodd make' as secretary of 
defense would be scrutinized not art 
its merits but because of innuendo. 

Andhe must have decided that the 
good he. ooukl accomplish would nev- 
er outweigh the detenmned barrage 
that would batter his character. 

. This is hardly McCarthyism, and it 
would riot have driven a more deter- 
mined figure from gover nm ent 
But it does allow understandable 
pause to a. man of Mr. Inman’s 
wealth and reputation. 

The political landscape is littered^ 
with casualties of the Reagan, Bush' 
and Ginton adnan is tiations who have 
been targets of cohmnrists and interest 
groups as they' moved through the 
continuation process — people whose 
.fives win never be tbe same. 

In ^'freewheeling society, these 
unb alance s must be accepted as tbe 
preferred alternative to censorship. 
StDL Mr. Inman, for all his flailing, 


Not Really a Great Year for the UN 


By John R. Bolton 

W ASHINGTON — Madeleine Albright, toe 
American UN ambassador, recently argued 
that after one year of the CHnton administration. The 
pendulum has begun to swing in the right direction” at 
the United Nations (IHT Opinion, Jan. 8). Ha riaims 
of success simply do not fly. For example: 

• The creation of a high commissioner for human 
rights is highly unlikely to advance the cause of human 
rights in UN affairs, one reason why the Bush adminis- 
tration opposed this new bureaucracy. The commis- 
sioner’s mandate is vague and limited, largely at the 
insistence of Third World nations, winch stiff believe 
that human rights remain inter nal issues. 

• Real progress on the Middle East cranes when, after 
toe Bush administration's succesrful effort in 1991 to 
repeal the obnoxious, Genoa! Assembly resolution 
equating Zionism with “racism. ” the hundreds of other 
anti-Lsrari and anti-Zionist resohnkms were repealed. 
Israel is still not a member of any of rite regional 

siramslra ability to rakto*toe UN. The^rin^acl is 
that the General AssanHy has not been, is not now, and 
will not likdy be, tbe cockpit for serious discussion of the 
Middle East peace process. 

• Why the United States should be pleased rite major 
aims control issues are cow frequently discussed in the 
General Assembly remains a mystery to me. By concen- 
trating on nodear issues at toe UN, we are diverting 
attention from conventional weapons of mass destruc- 
tion, the very weapons we fear most in the hands of 
international terrorists in imrd World countries. 

In any event, what toe United State supported was 
hardly earth-shattering. Again. The Post reported on 
Ocl 2, 1993. a few days after President Bill Guuon’s 
speech to toe General Assembly, that the “proposals 


G inton of fered for s tanching proliferation jure de- 
scribcd even b) rhe officials who worked on them 
as being fairly modest.” 

• Mrs. Albright's claim for getting the General As- 
sembly to approve “In principle” tbe creation of a sort of 


inspectra-generaTs office is especially modest Creation 
ofastroufcindmcp d eminq)cani^Bteralw»orignalIy' 
proposed oy Dioc Thornburgh during his brief tenure as 
undersecretary general fra management The creation of 
a pale imitation of bis idea by the Secretariat in Septem- 
ber did not fool many in Congress. 

• Holding the line on the budget is positive. But the 
real issne is when there will be a iro mp re h emive review 
of the administrative structures ana functions of the 
Secretariat which lave beat growing Eke a coral reef 
fra nearly 50 years. Tfanr need to be thoroughly rede- 
ployed into areas of real seed, sad] aspeaceSuxpng. 

• The slight tightening erf Libyan oif sanctions be- 
cause (rfLtoya’sfaihire to mm ova two defendants for 
trials for toe destruction of Pan Am 103 rives new 
meaning to the phrase “measured success.” Because of 
rite opposition by such major European powers as 
Germany and Italy (which were not on the Security 
Council at the time of the vote), and Russia’s continu- 
ing concern for the repayment of Libya’s debts (about 
54 billion), i! is unlikely these new sanctions will apply 
any major pressure cat Libya. 

But toe central issue today is the UN’s success or 
failure in peacekeeping. Here; Mrs. Albright says only 
that “the United Nations has tried to do too much.” 

This formulation elides the pant that the United 
Nations does only what hs member governments want 
it to do. Where did toe impetus come for a huge 
experiment in “assertive multilateralism” in Somalia, 
which turned into a disaster? Which government 
pushed fra a major UN role in Haiti, an embarrass- 
ment at best and a humiliation at worst? Who has been 
pushing for a posable huge role in Bosnia while toe 
Serbian aggression continues? Who has expanded UN 
peacek e e p ing operations to Rwanda, Georgia and 

possibly ebewhoe? 

It was not the "United Nations” that pushed fra all 
this, but a member government — America's. 

The writer was m assistant se cr e ta r y <>f state in the 
Bush administration. He contributed this comment to 
The Washington Past, 


dr^wito“reriworid?pirhlaTis m»^ 
times attract hostility from commenta- 
tors whose judgment is propelled by a 
few li tmu s issues. This hostility some- 
times slides into unwarranted vitrio l 
The result can be assay, culminating 
in an irreversibly sullied n ymnw i 
Mr. Inman sored many years in 
Washington. When he read William 
Safin’s now infamous afonm (IHT, 
Dec. 24) he would have known beyond 
cavil thar he was facing more than “ a 
good pop,” as Mr. Safire later put h. 
He was being targeted. Mr. Safire 
mocked him for cnntmn j i i g to us e 
“Bobby,” the name Ins parents save 
him ; he outlined secondhand auGea- 


of same 
former] 


sal commentates. The 
speaks- Sam Rayburn 


used to say, “Any jackass can kick a _ 
bam door down, out it mime a car- 1 
penter to braid one.” 

Maybe the only sure answer to tins 
sort of irresponsibility, and the im- 
pact it is having on the formation erf 


1 ■winimnuaiwun, u . 

for those who run. the media to ensure 
that there are more carpcntas among 
today’s political commentaiotx. 

• ^ The writer was assistant secretary of 
aefatsc andsexretary of the nary in the 
Reagan administration. He contributed - 
this comment to The New York Times. 


\0 \ 

\£ m ; 
■s . rr + ‘ 

#5 > 

£&v s -- 


/f'jr - ^ 

v, *. ■ 


i 


' fcfcr’- 


Gctrcj. 

1«’k 

BXC V 

a?--.--’* 


IN OUR PAGES; 100, 75 AND 50 YEABS AGO 
.1894; No Flying Spies ■ when he viated Dublin in 


Ifrss... 

lit ^ ' 

Sr -• s. , 

Sit-. I r “ 

S£- 


IS 


v„ 

’v •<?- 




^“a^extatiraL 

!944:H)R fa Favored 






ential nomination, six 


m the Regency style btrih to receive 













‘-.S':, ■ I 


Sp*— - 


tow 

*3« 




nsToi 


’ 'i . , ., . % * 


; By Ken Sfrulcaan 

t 

R OME— Herecdorisa. 
stranger, a load, overly 
gay, almost apologetic 
intruder spilling mtothe 
bomber scene. Light and day seem 
to have definitively fled, replaced 
hy the dreary opacity of. tar- and . 
Smoke. Set in the hintcriands of a 
20th-century industrial city, these . 
orb an landscapes shudder, beneath 
jn ominous shadow that faTls with 
the same solemn inehictflMBiy as " 
flight, but .without. night's tran- 
sience. The raze human figure is - 
ponderous and mum, asif resigned 
to living in a world yberethe most 
one can hope for is a servant's re- 
signed, weariless dignity - • 

\ The universe of. Mario Sironi is 
one of soUtndeand desolation- Af- 
flicted with lifelong bouts erf de- . 
pressioo and zDeta^ySk^angmsh,: 
the artist often projected his sense' 
erf alienation and mtflity onto hi s 
Canvases. Executed id .si narrow 
range of colors — otibets, hornl 
earths, an occaaonaLrotting green 
pr blue — SironTs paintings are the. 
disturbing autumnal echo erf toon’s 
loss of identity in the imhistrial 
yvorJd. 

- Seen ' through contemporary 
eyes, it is difficult to uxktexstafld,- 
however, how Sironi came to be. 
0 one of Benito Mussolini's preferred 
artists. Strom's archaic, prehistoric 
pessimism hardly seems the proper 
instrument to sound the swelling 
glories of thefasrirtrcvohitron. Yet 
Sironi was a prized collaborator for 
several fascist magazines and news- 
papers. “H Duce” himsdf delivered 
the opening speech at the 1922 ut 
augur ation of the exhibit of the 
“ 1900s” group that Sfirari formed 
as a fascist alternative to the car- 
rents erf Futurism and dhiacausm. 

Certainly Sironi’s affinity for 
fascism — he joined the fasqst par- 
ty in 1919 and became one of the 
regime's most popular and prolific 



A nude, painted by Mario Sironi m 1928. 


artists — compromised his reputa- 
tion after ’World -"Wm IL Judged 
primarily by the monumental pub- 
lic works he executed for Mussofr- 
tri’s government between 1930 and 
1940, Shorn was dutifully dis- 
missed as an -enthusiastic regime 
fflnstratoi- unworthy of further at- 
tention. Until 10 years ago. Shorn 
was litiie known except to scholars 
and coHectots whose intuition has 
only lately been rewarded. 

Thirty-two years after his deaih. 
Shorn is now the subject of a major 
exhibit at the Gamma Nazionale 
d’Arte Modem* (through Feb. 28), 


an exhibit that reveals him to be 
both propagandist and prophet. 
Featuring 400 of Siroaf s works, the 
show is spread over two floors, and 
divided into six sections: canvases, 

u^fihistration, '^hitccture and 
theatrical scenoy. 

Mario Sironi was bom in 1 883 in 
Sassari (Sardinia), where his engi- 
neer father was momentarily work- 
ing, and spent most of his youth in 
Rome. In 1902, he enrolled in the 
faculty of engineering at the Uni- 
versity of Rime, withdrawing the 
following year because of the vio- 


story of Marie Laurencin 


By Ginger Danto 


M ARTIGNY, Switzer- 
land — She was 
called "La Fau- 
vette," “Our Lady of 
Cubism,” and. in a dedication by 
Cocteau and Poulenc, “a poor little 
doe” caught between the two 
movements. But in art as in fifty 
Inureacm. remaamd^ha^. 
. matictocwttfhciQu^^ 

- rage she had in Paris in die heady 
postwar years. That was when she . 
fully came of age as an artist, hav- 
ing shed the formal accoutrements 
of marriage — in favor of a fcnri- 
nine-orientod mfcnage — and any 
doubts as to her destiny. . . 
The resulting oeuwe is the sob- 

r ! of a retrospective in the unlike- 
site of Martigny, Smttcdand, 
the home of the Pierre Gianadda 
Foundation. Lanrtmcin rarely visit- 
ed Switzerland and had only one' 
exhibition there, in Geneva at the 
end of ber life. But the current 
Swiss connection is more riren- 
irous. 

It was in the Japanese prefecture 
of Nagano that a Japanese busi- 
nessman and avid collector marked 
die 1983 centennial of Laurencin's 
birth (she died m 1956) by estab- 
lishing a museum named for her. 
The 100 ofl paintings, watercolars, 
drawings and ^monographic docu- 
ments on view in Martigny 
(through March) come from the 
permanent coHoctian of thcTMsrift 
Laurencin Museum. The ensem- 
ble’s journey to Martigny .reflects 
Japanese prescience in promoting 
an artist for whom rccogmtian-wax 
a matter of time. As for the 15- 
year-old Gianadda Foundation, 
part of its curatorial mandate has 
been to diaxnpion women artists 
whose rime has came. 

The setting of semirnral Switzer- 
% land is, trwreover, appropriate for 
Laurencin, whose personal and 
painterly style was outside the cur- 
rent, in a world informed but not 
affected by reality. However im- 
practicable in real life — episodes 
of Laurencin’s tempestuous 
amours collapsed like so many 


,/» » 


- , i-ii*' 1 


Portrait Medal Show 
Opens in Washington 

The Associated Pros 
WASHINGTON — The Na- : , 
liana! Gaficry is opening on Sun- 
day the first big Americas exhibi- 
tion of early portrait medals, the' 
fust daring from 1438. More than 
200 will be on display, designed by 
artists in Italy. Germany, France, 
the Netherlands and E n gl and . 

“The Currency of Fame: Panraft 

Medals of the Reoafasanee” wffl be 

at the National until May 1. at the 
Frick. Collection in New - York, May 
24 through Aug, 22, and * «*Na- 
tkroal Gaflety of Scotland mEdm- 
burgft. Sept 22 through Dec. 2a - 





S?5 



“Marie's face was especially se- 
rene when she was panning,” re- 
called her friend. Nicole Groult. 
“The nostrils a tittle dilated by 
pleasure, the dark eyes even round- 
er.” 

This description of Laurencin 
fits any number of photographs 
that complement a narrative along 
a gallery walL Bam in October 
! 883 in her parent's apartment near 
the Gars de FEst in Paris, Marie 
Melanie taurencin “learned to 
paint as one learned to sing," ac- 
cording to the artist, who neverthe- 
less displayed an early penchant for 
paintipg. “One day my mother 
asked me to decorate a teacup. 1 
succeeded, and went to drawing 
school" 

There, Laurencin studied under 
Georges Braque, who introduced 
his young disciple to the stellar 
group of artists affiliated with the 
Bateau-Lavoir. Though enrolled in 
a local painting academy as of 
1904, Laurencin later acknowl- 
edged, “The tittle I learned was 
taught me by those whom I caD the 


. .. _ 


- Detail from “Musique,” oil 
on canvas, c. 1944. 

spent stiOrtifc bouquets. — hex vi- 
sion of an idea! was sustained in 
painting. The pastel paletie, the 
finely slhotietted portraits, the del- 
katdy suggested interiors or grace- 
fully orchestrated flora and. fauna, 
ati make for scenes that seem just 
tins side of dumber, their color and 
composition skewed by leftover 

tOT«sen^! S ?^man , s work^is 
imbued with , a softness, tike a gos- 
samer. prism through winch one 
peers into the subject’s world. 

A sadness lurinngin tiw faraway 
looks of figures evenin revelry sug- 
gests that the moments depicted 
could not reasonably otist beyond 
tile frame. Laureorin realized fink 
Her art was a reckoning between 
two worlds, and when the outer one 
failed, she drived passionately and 
detiberately inLo the one within. 


Matisse, Derain, Braque, Picasso.” 
The last introduced her to the poet 
Oufl hmm c Apollinaire, a kindred 
spirit from whom Laurencin also 
Iranred about love in all its volatile 
dimensi ons. 

From die rough sdf-poriraiis re- 
vealing the adolescent under her 
own scrutiny, to the defiant de- 
meanor of the matured mode! in 
1908, Laurencin found ber stride 
in this charged period, as well as an 
audience. She had her first Paris 
gaOexy show in 1912. As for per- 
sonal relations, Laurencin uneven- 
ly navigated the misogynist milieu 
of fellow artists, all similarly strug- 
gling for success. 

Survival was doubtless a factor 
in a brief marriage to Baron Otto 
von TVStjen, a part-time painter 
whose appeal consisted of fine 
manners and dance technique. 
Such criteria did not withstand the i 
couple's wartime exile caused by | 
Otto's German nationality ana 
Laurencin returned alone to Paris 
in 1921, as relieved about her di- 
vorce as she was about peace. 


The years abroad, however, had 
proved fruitful. Meeting Francis 
Picabia led to shows in Barcelona 
and New York. At the Prado she 
discovered Goya — her greatest 
influence. Yet, perhaps as an anti- 
dote to itinerancy, Laurencin ap- 
pears to have keenly adhered to her 
formative style, winch blossomed 
in a tiny apartment she could at last 
call her own. 

Andre Gide, Jean Giraudoux, 
Paul Valery were among Lauren- 
cin’s inner circle, availing her of the 
few men she portrayed. Indeed, 
Laurencin was increasingly predis- 
posed to depicting women — iden- 
tified, anonymous or allegorical, 
such as Diane or Led a and the 
Swan. Whether cast against some 
fairy-tale setting, as in the matriar- 
chal “La Vie au Chateau" (1925), 
or some flossy decor, as in “Les 
Deux Soeurs au Violoncelle” 
(1914), the intimacy among women 
is apparent but never overt, as if 
not to betray her subjects' secret. 
Even in the tender embrace of two 
women in “Le Baiser” (1927), lips 
fail to touch. 

In a 1956 poem, Laurencin, who 
illustrated many books, wrote 
“They will say things about her but 
they will not know how she liked 
calm, the simple life. . . . Her 
masters: chance, time.” The latter 
have duly conspired to generate 
much talk about Laurencin and her 
work, buz the exquisite mystery 
surrounding both remains some- 
how intact. 


Ginger Danto is a free-lance jour- 
nalist based in Paris who specializes 
in the arts. 


LONDON 

Spink 
deal in 

English Paintings Bod Watercolours 
Oriental, Asian and Islamic An 
Jewellery ■ Textiles ■ Medals 
Coins - Bullion ■ Banknotes 


auct i on sales fcSEIES 


V ■ i 


ANTIQUES 


jhe WE BOY AND SELL 

.^wjNESiiiANTKJtiESOt fMEBOOft i 

'SSoSis.l* ■ 

swords snrnNCs. 
nwtccwWES dzmouaun. i 

(, ntted & 

laps*** 5*^ «»«■ SAFES' 

m^csvtESAhmoaEs.ira. 

■™^S5^S l, “ a 

1>in- ftapl2j2»«H 


IN FRANCE 


DROUOT RICHELIEU 

9, Rue Drouot, 75009 Paris -TeL (1)48002020. 


-- — — — 1 Wednesday, Jemy26- 

Boom 7 at 2 pjrL - FOBNTTUBE & OBfCTS DART. MEULON ROSEKX, 
.19, rue de la Grange Batrifere, 75009 PARIS. Tel.: (1) 48.00.99.44. 
Fax: U) 48.00.98.58.. ... . 

-Monday, Jararary 3T - Tuesday, February I 

Room 1 at 2.15 pm. FAR EASTERN ART. Expen; M. Tb. Portier. AW5B 
TAJAN, 12 r nie Fasan, 75002 PARIS. Td.: 13) 42^150.07 - Fax U) 
42.6339.57. In New York please contact Kdty Maisomouge * Co. Inc 16 
Eaal 65di Streef, fifib Boor, N.Y. 30021. Phone (212) 73735.97)73738.13 - 
Rcc (212)863.1434: 

t- — rr — 7 Wednesday, February 2 

Room 14 ret 215 pm. FURNITURE & OBJEIS IVAST. ADER TAJAN, 12. 
me Faw, 75002 PARK. Td.: (D 42ril.8O.07 - Pax G) 426139.57. In 
New York please contact Keny Maisbruouge & Co. Inc. 16 East 65th 
Street,: fifth fioor, N.Y. .10021. Phone: (212) 7 J7 35 .97/737. 38.1 5 
Fu: (212)861.1434 

— ? ^.flwxdoy.Fidxtjqry^ 

Room l at 215. p.m, - JEWELRY - SILVERWARE. Experts: M JT. 
Pro n gngcf. Virfonwue Frornanget, Mine- Ch. Beauvob. AMR TAJAN, 
12, rue Favart, 750E PARIS. Teb i,i> 4261 £0.07 - F»U) 426139.57. In 
New York please contact Retry Maisonrouge & Co. Inc. 16 East 6ah 
Street, fifth fioor, N.Y. 70021. Phone: 12122 737 35-97/737.38.13 
F*i-f2i2)8&U4M ; 


SUNK* SON LTD, 5.% A 7 KING ST. 
ST JAMES'S, LONDON, 
ENGLAND SW1Y <QS. TTl! «7M!» 78*8 
Fax.- 07143* dSSX TELEX- *16711 


SANTA Hi 

^NA GEN » DIuW EY^ 

SANTA FE 

Quality O ld 

KSmjO * MEHCJN JXXEH£S 
505-698-5056 
. EsL }97S J 


International Herald Tribune 
Saturday -Suruiiii-, January 22-23, 1994 

Page 7 


lent psychological crises that would 
torment him for most erf his life. 
Turning to painting, the young and 
unstable artist was befriended by 
the Italian Futurists Giacomo 
Balia, Gino Severini and Umberto 
Bocciooi. Their influence is evident 
in the early works on display in the 
Rome exhibit, as is that of Giorgio 
de Chirico in SironTs few meta- 
physical paintings. 

m 1920. Sironi entered into the 
most fertile period of his extensive 
production, a period that would 
last until 1930, when the artist 
abandoned canvas painting to pur- 
sue a pictorial language with which 
he could reach tile masses in the 
monumental frescoes and mosaics 
he executed for the fascist regime. 
The “Urban Landscape" (1920), 
“Periphery" (3 920), “The Student" 
(1924), “Sohtude" (1926,) “The 
Family" (1926 and 1930) in the 
Rome show are the work erf an 
artist who has assimilated his early 
influences and is painting in foil 
splendid maturity. In these can- 
vases, Sironi is a moral artist, seek- 
ing, unsuccessfully, to effect a rec- 
onciliation between man and the 
expanding industrial world that 
has robbed him of his bearings. 

It is easy, in hindsight, to under- 
stand bow a man as innately alien- 
ated as Sironi could be seduced by 
a fascist ideology that offered its 
acolytes a sense of place and bal- 
ance. Ironically, Strom’s attempts 
at fascist propaganda —seen in (he 
cartoons and preparatory drawings 
in the Rome exhibit — are undone 
by bis own sensibilities. Even in the 
scenes where Sironi features groups 
of people, his figures are ultimately 
alone. While trying to compose a 
paean to Mussolini's revolution. 
Sironi painted portraits of isolation 
and solitude, two conditions that 
no regime has been able to resolve. 

Ken Skubnon is an American 
writer based in Italy. 



Henry Moore's "Sealed Figure," 1930, and “Standard Bearer " a Tohec-May an figure from Chichen Itza. 

Ancient Sources, Modern Art 

iraenumoKai Hemli Tnhunc lialy or Greece, but to the British Museum, when the architect created the Alice MiDa 

N EW YORK — There is a deep “After the first excitement, it was the art of House in Pasadena, California, with evide 
yearning among those attached to ancient Mexico that spoke to me most" Moore Maya references. The joined, textured ore 
cultures destroyed by war and inva- wrote. As early as 1922, a mother and child concrete slabs owe something to the geomen 
si on to show' 'that they somehow group reproduces the posture and volume of an patterns of a Mixtec temple at M5tla in Oaxac 


Inurrumonjl HeniU Tribune 

N EW YORK — There is a deep 
yearning among those attached to 
cultures destroyed by war and inva- 
sion to show' that they somehow 
survive. It probably inspired Barbara Braun's 
search for the “Ancient American Sources of 
Modern Art," the subtitle she chose for her 
book “Pre-Columbian An and the Post-Colum- 
bian World" fHany N. Abrams). 

The implicit parallel is with African an. 
which with its impact on Picasso and Braque, 
wbo lead the Cubist movement, is seen as a 
fundamental factor in the emergence of 20th- 
century aesthetics. Bui with pre-Columbian art, 
things were different. It affected individual 
artists, not a whole school Braun tells each 
story in a succession of unrelated chapters. 
Some contain gripping revelations. 

She starts with the case of Gauguin. The 
French painter had a family connection with 
Peru, which is rarely remembered even by spe- 
cialists. His grandmother was born in Lima, the 
daughter of an aristocratic Spanish coland sta- 
tioned there. little Paul lived in the Peruvian 
capital between the ages of I and 6. Back in 
France, in Saint-CloucT on the outskirts of Par- 
is, he was repeatedly exposed to pre-Columbian 
art. His mother brought back a collection of 
Peruvian pottery “and quite a few figures of 
solid silver, " which he found very beautiful. He 
was around them until a fire destroyed their 
house io 1871. 

Gauguin mentions ah this in his diary, 
“Avant ct Apres." Elsewhere, he reminisces on 
the “very beautiful collection of vases (Inca 
pottery)" of an old family friend in Paris. 

No wonder that one of the pots that Gauguin 
made as a sideline displays a Peruvian device. 
This is a bellow airbed handle from which two 
spouts rise at opposite ends. Otherwise, the un- 
even rough body of the vessel betrays the influ- 
ence of Japanese stoneware, which Braun does 
not discuss — Japanese pottery collected in 
France from the 1860s inspired the French 
school of Modernist pottery. Nor is she aware 
that another pot in the form of a human bead is a 
model borrowed from Antiquity not Peru, which 
neither has the open top nor the handle at the 
back. As for the glazed stoneware in which it is 
made, it is daringly Far Eastern. The pre-Co- 
lumbian in Gauguin's oeuvre, even confined to 
his pOtS, is minimal if not tiiL 
The story of Henry Moore is different. Be- 
cause he was (he son of a Yorkshire miner who 
managed to get three of his eight children a 
secondary education thanks to scholarships. 
Moore's artistic education fell outside the tradi- 
tional British mold. He was therefore a stranger 
to Classics- For him. the Grand Tour was not to 


Italy or Greece, but to the British Museum. 
“After the first excitement, it was the an of 
ancient Mexico that spoke to me most" Moore 
wrote. As early as 1922, a mother and child 
group reproduces the posture and volume of an 
Aztec figure in the British Museum. Many more 
parallels are beyond question. The “Retaining 
woman" of 1930. a famous work in the Nation- 
al Gallery of Canada in Ottawa, owes a great 
deal to the stone chaancol from Chichen Itzi 
preserved in the Museo Nadonal de Aotropo- 

SOCREN MEUKIA^ 

lpgia in Mexico City. Yet, the closest sunflar- 
ities do not result in overwhelming “influence"; 
there are too many overlayers of other things 
— MaflloTs monumcntality, Picasso's distor- 
tions transferred into three-dinjensonal space. 

The Englishman looked at all the cultures of 


when the architect created the Alice Millard 
House in Pasadena, California, with evident 
Maya references. The joined, textured cast- 
concrete slabs owe something io the geometric 
patterns of a Mixtec temple at Mi lla in Oaxaca, 
Mexico. And images of the Upper Temple of 
the Jaguars' southeastern view at Chichta Iiz& 
must have been shooting through Wright's 
mind as he designed parts of the house. Yet so 
thorough is the assimilation that the architect's 
denial of “influence" no longer sounds as 
boastful as indicated by Braun. 

Occasionally, though, the model shows 
through as in John Snowden's House; built in 
1926 in Los Angeles, and the result is Modern- 
ist kitsch. 


B RAUN then turns to pre-Columbian 
influence within its own territory. The 
best is the story of Diego Rivera. 
Muffled by the leaden academic style, 
this is the stuff of a great satirical novel not 
remotely intended by the writer. There is Rive- 
ra, the "progressive artist isbe loves the adjec- 
tive) who goes to Europe, where he becomes 
aware of his pre-Columbian Riots, turns into a 
proper avant-garde intellectual in the orbit of 
Picasso. Gertrude Suan and the poet Apolli- 
naire. and becomes quite a competent Cubist 
artist with an obvious colons tic debt to Juan 
Gris. Rivera goes home, a dedicated Commu- 
nist. proleiarians-of-tbe-world-unite style He 
becomes the rev.olutionary-in-residence as he is 
showered with government commissions. 

And there is Rivera, the compulsive pre- 
Columbian art collector who started in his 
teens, picking up small terra-cottas for a few 
centavos on the Sunday market. Serious collect- 
ing, in Braun's words, began around 1930. AH 
bis money, and more, went into it. We hear of 
ibe great man sneaking off to Tlatilco. where 
thousands of artifacts turned up as a necropolis 
was savaged by urban development and of the 
local butcher wbo set cartons of objects aside 
for his best customer. Rivera’s became the Larg- 
est pre-Columbian collection ever formed in 
Mexico. 

It is supposed to have been the vehicle of pre- 
Columbian influence in his art — which does 
not leap to the eye. His bombastically figural 
frescoes in the Autonomous University chapel 
at Chapingo point to Michelangelo, remem- 
bered from his tour in Italy, and William Blake, 
whose name is not mentioned, nor that of Le 
Douanier Rousseau. Yet the latter was obvious- 
ly at the back of Rivera's mind when be incor- 
porated ihe image of the Aztec god Xochpilly. 
But this is not influence. It is mere exoticism 
under the guise of a claimed heritage. 


distilled from the art of these disparate cultures 
certain basic formal traits." The pre-Columbi- 
an touch became a reminiscence rather than 
true influence; The sculptor admitted as much 
in later years: “As soon as I found it" — Le. 
what be calls en Noe Mexican art — “I hit on 
similarities in it with some 11th-century carv- 
ings I had seen as a boy in Yorkshire churches;" 

Ironically, Frank Uoyd Wright, the artist on 
whom the influence of pre-Columbian Mexico 
was the most noticeable, denied ever undergoing 
“an exterior influence.’' Yet, the architect con- 
fessed in a moment of weakness: “I remember 
bow. as a boy, primitive American architecture, 
Toltec, Aztec, Mayan, Inca, stirred my wonder, 
excited my wishful admiration." In 1893, Wright 
visited the World’s Columbian Exposition in 
Chicago, where full-scale plaster casts of okkiu- 
mentai nuns in Yucatdn could be seen. 

B UT it took another two decades for 
pre-Columbian influence to come out 
dearly. Some of the most interesting 
structures that prove the case were 
demolished long ago. Gone is Midway Gar- 
dens, built in 1914 in Chicago. There, the use of 
some long blind walls with a surface modulated 
by geometrical relief designs distinctly echoes 
the Temple of the Warriors in Chichen ItzA. 

Gone, too. is the Imperial Hotel in Tokyo, a 
huge project that occupied Wright from 1911 to 
1922. It must have been marvelous. Mayan 
temples and designs left a mark, as Braun 
points out, but so also did Japanese temple 
architecture, which she does not discuss. Every- 
thing is fully absorbed, blended in a cohesive 
form Language. 

The integration had gone one step further 


ART EXHIBITIONS 


LONDON 


jwki of Drawings 

ind 

fatercolours 

Original u'orks of art 
frrnv the / 6th century 
to tin: present drey 

f .ecru re 27 January- 2.50pm 

The Victorian Watercolour - 
A Personal Viev. 
he OrriHOpbex Wood 

Park Lane Hotel 

Piccadilly, London W1 

26-30 January 
1994 

■ .1 1 -jsn - Spin 
(7 pm Uiit wo <to,s ) 
Admission £6.00 

L’llbmution & lecture tickets-. 
071-602 9933 


MNrrOM 


COLLECTOR’S GUIDE 


■KSS STAMP COLLECTION 

If The complete oo&ectiofl 2) The complete collection of nearly afl 

‘Groat Britain’ (1840 to !9*>0} “OW German States" ( I MB io ! 920) 
oriakra r value. DM 303. 1 00.- anabgue value-. PM M7.052. - 

Ammffug to expertise of tie Pfcfrfefct institute in Hamburg 
the total catalogue value amounts to DM 610.152,- 
the International trade value to DM118.00,- 

or US$187.000- approx. 

the realization value to DM U3.100,- 

or US$54, 1 76,- approx. 

MsfaffBsarehaaapfcfl^gooJpvBiyyDtdmfiil^totescWaiUSS^^.-priane^uliatte 

. ■ . ..-I.,— ■■ - Fax-Gmuntf: 49-40-51 11470—— - — 


ART DEALERS ASSOCIATION OF ^ 

ITieArtSho 


It’s headline news when sixty-one of 
America’s most respected galleries come 
together under one roof to sell selections 
of their finest works. It’s the 
Dealer’s Choice— from 19th Century 
Masters to the Avant-Garde. Don’t miss 
The Art Show, at The Seventh Regiment 
Armory, Park Avenue at 67th Street in New York. 
Admissions benefit the Henry Street Settlement. 


FOR FURTHER INFORMATION 


CAUL THE ADAA 212-940-8925 









































































































«sv*' r " 








m 


■ ."w\K S\>.. 

V ..V- .y' ~ W. 

it j??' 

**£*.'•' 

m •» 


;:f - ■ 


International Herald Tribune, Salurday-Sunday, January 22-23, 1994 


Page 9 



THE TRIB INDEX 115.06gl 

Inte rnati onal Herald Tribune World. Stock Index ©, composed of 
280 mtamatfonafly invostaWe stocks from 25 countries, compiled 
by Bloomberg Business News. Jartl, 1992 a 100. 

120 — : ; : _ _ 



B liiiiililiW 


7 ? 1 /a 1 /S J c 1 o a c- . 115.06 

Hi previous- 114.6 3 



- 


HI AsSa/Pacrtie 


Europe 

J 

- 


' -V 

Appro*, wefclfing: 32% 

Cfase 126.13 Prov. 12193 - 
140 ^ 

D 

Approx. wdghBngp 37% 
OoSKlISaO Prat: 116.49 




A S - O N ■ D 
1983 


North Amaric .1 


Approx. Mtyftig: 28% 
Cto« S&52 PWt: 908Z 


J A S O N 

1994 IBM 


Latin America 


Approx, weighing: 5% 
CUBE 142 j 99 Prevj 14253 



It’s No Longer the Job of a Lifetime 

Breaking Tradition, Toyota Will Hire Contract Employees 


Compiled by Our Staff Fran Dispatches 

TOKYO — Toyota Motor Corp. said on 
Friday that it would begin employing white- 
collar workers on temporary contracts in 
April, marking a radical departure from Ja- 
pan’s already weakened lifetime employment 
system. 

The move by Toyota, Japan's leading auto- 
maker, is unprecedented among the country’s 
corporate efite. The policy could eventually 
put contract-based workers in 10 percent of 
all new white-collar jobs at the company. 

Toyota, which like other Japanese auto- 
, makers is suffering from feeble domestic de- 
mand and competition in export markets, 
said its aim was to allow more flexibility in 
hiring and promotions. 

The automaker currently uses a seniority 
wage systan that is common among Japanese 
companies, Japan's custom of lifetime em- 
ployment makes it difficult for employers to 
cut staff. 

Toyota said that lifetime employment will 
still be the norm for most of its workers. 
However, the company said it also realizes 
that Japan's persistent recession makes it 
“essential that corporations adopt a diverse 
employment system by strongly embracing 
nan traditional ideas.” 

Under the new “professional contract” 
system, outside professionals will be em- 
ployed under annual contracts with a guaran- 
tee of high incomes ded to performance, 
Toyota said. 

“With 10 million yen (S90.000) as a start- 
ing salary, it’s possible to have that amount 
doubled m a second year," said Naoto Fuse, a 
Toyota spokesman. 

The avmge Toyota worker, age 34.6 with 


13.4 years on the job, now cams about 
561,260 a year, Mr. Fuse said. The company 
employs 73,046 workers in Japan, and hires 
an average of 3,000 people a year. 

Mr. Fuse said the new system wfl] be intro- 
duced in the company’s design division at 
Nagoya beginning April 1, and people with 
experience in automotive or industrial design, 

f It’s a more U.S. -style 
approach. 9 

Satoahi Sbimamoto, economist 
atMMS International 

regardless of nationality, are eligible. The 
contract workers will nave one-year deals 
renewable for as much as five years. 

Work conditions will be flexible with no 
restrictions save the requirement to report to 
work once a day, the company said 
Brendan Hagerty, another Toyota officer, 
said the company planned eventually to ex- 
pand the policy to cover new recruits for 
white-collar office jobs in all of Toyota's 
domestic operations. Under the program, 
raises for ti>e contract workers will be based 
solely on merit Full-lime workers’ wages are 
based primarily on seniority, with only a 
portion based on job performance. 

But contract employees will not receive 
some benefits awarded to full-time workers, 
such as insurance and membership in the 
pension plan. 

“It's a matt U.S.-style approach," said 
Satoshi Shimamoto, economist at MMS In- 
ternational. 


Toyota has said it will post an operating 
profit of 10 billion yen when it announces its 
results for the half year to Dec. 31. The figure 
would mark a record low profit for the com- 
pany since it was formed by the merger of 
Tovoia Motor Co. and Toyota Motor Sales 
Co! in 1982. 

With corporate profits tumbling Tor the 
fourth straight year and Japan’s economic 
slump showing no signs of letting up. econo- 
mists say other big-name businesses could 
soon ToUcw Toyota's lead. 

“Once a high-profile company like Toyota 
does it. then that opens up the door for other 
companies to do n more easily," said Donald 
Kimball, economist at Mitsubishi Bank Lul 

The bank noted in a recent study that 
lifetime employment was exacerbating the 
already acute agin g of ibe work force, de- 
pressing the country’s labor productivity. 

Lifetime employment was one of the pillars 
of Japan's impressive postwar industrial 
growth, offering companies a stable work 
force and giving employees the security of 
being taken care of from the cradle to the 
grave of their careers. 

Not all workers in Japan have the luxury of 
lifetime jobs — Toyota and other manufac- 
turers have already cut back on the number of 
idkanka or seasonal laborers that are hired on 
a contract basis to work at factories. 

But Japan's beleaguered companies have 
avoided tampering with the job security of 
white-collar employees. Instead, companies 
like Japan Air Lines Co~ Nissan Motor Co. 
and Nippon Sloe! Corp. have tried to control 
costs by reducing overtime, anting bonuses 
and slashing the number of new employees. 

(AP, AFP, Bloomberg) 


^ASOND J ASOND J 
_ 1993 1994 1993 . 1994 I 

§§ Woridkndot 

The Max backs US. dtOar values ot stocks kc Tokyo, Now York, London, and 
Argentina, Australia, Austria, Bottom, BnzB, Canada; CtiBa, Dawnaifc, FWand, 
F¥mc*, Germany. Hong Kong, Htiy, Mateo, Naftartanda, Now Zutond Norway, 
Singapore, Spain, Om a n , Swttzartand and VanaztMa- For Tokyo, Nw York and 
London, the Index Is camcsad Oi the 20 tap fesuss ki forms of mnrfesf captefeation, 
otiutmiao ffwtmtofi stocks ora Backed. 


Industrial Sectors 


ftt Pm. %' M tot * 

cfaaa Horn daagi - daw ■ da— dip 

Energy 114-58 114.55 40.03 - ClpMSoo* 112.75 11&32 -0-50 

UBW« 12&01 124 AS -t€A5 ItnlUnUt 12023 121.74 -1.24 

Hrance j 19.54 11B.1B 41.15 frmwmwGnoite iqq.16 10056 -0.40 

Sandras 12&Q4 12M1 *0JDB IM ww 139.31 13&51 40.58 

For more HbimatiM abouf tf» Index. a bcnktebmdebto hoe of chaqja 
matoTdbMBX, iSIAvmto.ChariasdoGaufa, 92521 NguByCtectax.Ftenx. 

" ~ " ' *. ’ ©htwnaitoWHe^TdbiinB 


Apple Shares Soar Despite Profit Slide 


Compiled by Our Staff From Dispatches 

NEW YORK — Shares of Apple 
Computer Inc. soared 12 percent 
Friday in active trading, even 
though analysts gave the company 
mixed grides lor its performance in 
the first quarter. 

Shares of the second-largest per- 
sonal computer muter is the Unit- 
ed Stales closed at $33375. up 
$3.50. 

Apple had reported Thursday 
that net income plunged 75 percent 
to $40 quHioq from $1613 rmffion. 
Sales, however, rose 23 percent, to 
52.47 billion. 

After a major restructuring in 
July. Apple has been struggling. 


The company, based in Cupertino, 
California, has had difficulty dif- 
ferentiating its computers from the 
Intel-based systems that run Win- 
dows software developed by Mi- 
crosoft Apple plans to introduce 
new versions of its Macintosh 
products in March, based on a new 
microprocessor chip called the 
Power PC, as part of an alliance 
with International Business Ma- 
chines Corp. and Motorola Inc. 

“It’s like religion, a matter of 
whether you can believe they can 
execute,” said Marianne Wolk of 
Prudential Securities. She was dis- 
turbed by the continued shrinkage 
in Apple’s gross margins, to 24 per- 
cent from 25.7 percent in the fourth 


quarter and 403 percent in the 
year-earlier first quarter. 

Another analyst, Stephen Dube 
of Wassersiem. Perella & Co., was 
pleased with the sales increase. “If 
you price at the right point, you can 
move a little merchandise.” be said. 

Apple reported shipments of 
more than one million Marin toshes 
for the first time in a single quarter. 
It dosed out the calendar year with 
a global market share of 10 percent, 
nearly 10 percent more than it had 
a year earlier. (Bloomberg, ffYT) 

■ Microsoft Voices Caution 

Bill Gates, chairman of Micro- 
soft Cop. wrote to shareholders in 
a letter published Friday that the 


Offer to Settle 
Lloyd’s Suits 
Appears Dead 


company would not be adding em- 
ployees at the rate it has in the past 
and that staying competitive would 
require some reorganization, ac- 
cording to a report from the Asso- 
ciated Press in Seattle. 

He warned of more intense price 
competition and “a fast-moving, 
intensely competitive industry" 
studded with new alliances and re- 
surgent rivals. 

Although .Microsoft has grown 
in the past decade to dominate per- 
sonal computer software, it still has 
plenty to worry about from com- 
petitors, he su'd. IBM, Sun. Apple 
and Novell continue to invest 
heavily in systems software, be 
su'd. 


By Erik Ipsen 

International Herald Tribune 

LONDON — The £900 million 
($1.35 billion) settlement offer 
made by Lloyd’s of London to its 
money-losing members received 
what is likely to prove a fatal blow 
on Friday. The battle between the 
insurance market and members 
who believe they were exposed to 
unduly risky insurance deals is now 
likely to go on for years in com. 

On Friday, members of the Fel- 
irim syndicates of “names" voted 
overwhelmingly to reject Lbe offer, 
of which £237 million was for them. 
They joined members of the Gooda 
Walker syndicates, who had reject- 
ed it on Monday. 

Insiders bdievc that ibe settlement 
offer has little a no chance of success 
now that it is officially opposed by 
the two largest groups of money- 
losing names, the wealthy individuals 
whose capital backs the market 

“It means the offer is completely 
dead," said Christopher Stockwell, 
chairman erf Lloyd’s Names Asso- 
ciations Working Party, the um- 
brella group representing all of the 
various action groups that are suing 
Lloyd’s agents and advisors. Mr. 
Stockwell estimated that the offer 
could end up winning the accep- 
tance of less than one-third of the 
names covered by it 

Lloyd's offer would have meant 
members of both Felirim and 
Gooda Walker syndicates agreeing 
to take less than 40 pence out of 
each pound they are claiming in 
damages against their advisors and 
agents in the market. In total 
(7,000 names are involved in legal 
actions seeking £2.8 billion in dam- 
ages from Lloyd’s. 

Nick Doak, a Lloyd’s spokes- 
man. defended the offer on Friday, 
calling it “the biggest and best offer 
Lloyd's itself can put together." 
Market officials all along bad 
stressed that they would be unwill- 
ing to alter either the structure of 
the deal or its total amount. 

The settlement Offer will expire 
on Feb. 14. 1/ as now seems almost 
certain, it is rejected, the matter 
will gp to the courts, where litiga- 
tion is expected to drag on for 


years. In making the offer on Dec. 
7, Lloyd's officials said that they 
would need the acceptance of 
names whose claims totaled 70 per- 
cent or more of all the claims out- 
standing in order 10 declare the 
offer a success and to make it un- 
conditional 

The voles this week by the Fd- 
trim and Gooda Walker names 
merely confirmed the harsh words 
the leaders of a number of different 
action groups formed 10 pursue le- 
gal proceedings had heaped on the 
offer when it was unveiled. In fact, 
the first hint of the unpopularity of 
the settlement came in the final 
report of the special committee that 
had crafted vu The three panel 
members who represented names 
refused to sign and instead wrote a 
letter outlining their objections to 
the panel's chairman. 

Lloyd’s officials said that the pros- 
pect of years of coaly legal wrangles 
undoubtedly qualifies as a negative 
for the big insurance market but they 
stressed that its overall prospects are 
looking up. Lloyd’s has shored up its 
capital base by throwing its doors 
open to corporate capital for the fast 
time, a chang e of heart that netted it 
nearly £900 mfllion- 

In the last three years Lloyd's, 
which reports its figures wjih a 
three-year lag, has rung up a total 
of £5.5 billion in losses. Most ana- 
lysts expect further losses when the 
years 1991 and 1992 are reported. 

Mr. Stockwell said that increas- 
ingly, names are unwilling or un- 
able to pay the claims against them 
arising from losses on the syndi- 
cates they were members of. With 
insurance losses still mounting and 
with less money flowing into the 
system to pay them off, ne predict- 
ed an “extremely substantial" bur- 
den on Lloyd’s central fund, its 
rqch cushion, that could threaten 
the market’s health. 

*Tm probably going to be bank- 
rupted because of Lloyd’s, but I’d 
rather spend money on legal fees to 
retain my honor than be ripped off 
by Lloyd’s," one investor in the 
Gooda Walker syndicate said, ac- 
cording to Bloomberg Business 
News. 


ADVERTISEMENT 


ADVERTISEMENT 


JQ0 

90$ 

IN 


-■»V 

.. £**■■ 

4 


■" : . -fctf- 

_tf . J' 

«'•£ ; 

V v 



n ir /I tii r u 9 Reasons to Have a Second Passport 

.0 yUflKC ana me t^Oia ^ Guide to the Best. Cheapest and Fastest Ways to Get One 


By Lawrence Malkin 

Internationa! Herald Tribune , 

N EW YORK —Americans may be 
suffering from an earthquake in 
Cafifocma and a record cold wave 
in the East and Midwest, . but 
forecasters said Friday the U5. economy is 
likdy to continue on a roll early thisyear, not 
deeply affected by these acts of God. 

Long-term effects of the Los Angeles 
ear th q uak e are still being debated and may : 
Mngft mainly on whether business has the 
confidence to stay and invest But in the short 
run, said David Monro of High Frequency 
Economics, “It’ s amazing how flexible people 
are and how they manage when the tempera- 
ture drops or the earth dukes.” 

The freeze will have a greater impact on 
n ati onal statistics because of its wider geo- 


sharpness of the cold soap could shave one- 

. 7- L.U . nnmt nff 


tion spiffing over from the end of last year 
that could produce growth at a rate 
between 23 ana 4 percent from January 
tb^ wtgh March. (Latest mdications from U.S. 
government nfftefals are that growth in gross 
domestic product might have been as high as 
6 percent in the final quarter of 1993.) 

No major economic forecaster has an- 
nounced any change in the outlook for 1994 
of about 3 percent growth nationwide 

So far the cold wave and heavy snow have 
lasted a week to 10 days, and relief is forecart 


business, and cut bousing starts and sales of 


all sorts, most economists say the result is 
likely to be a shift in spending patterns that 
will even out over time. 

For example, restaurants and shopping 
malls lose but utilities and oil companies 
gain. "People don't go out to dinner and they 
stay home and turn 19 the furnace," said 
Cantina Latta of DRl/McGraw Hffl. 

Ml Monro painted out that in the medium 


It’s amazing how 
flexible people are and 
how they manage when 
the temperature drops or 
the earth shakes. 9 


termeven the extra profits to lbe utilities wQl 
balance out elsewhere in the economy. This, 
be said, is the case because "when the higher 
MUs come in, they act as an excise tax and 
slow personal spending." 

ChnsVarveris of Laurence Meyer & Asso- 
ciates in St. Lotris, Missouri, pointed out that 
U.S. national accounting methods could re- 
duce corporate profits in the first quarter at 
an annual rate erf $20 bfflion on paper be- 
cause of California property losses and insur- 
ance company payouts; but the next quarter 
would show a snapback. Real proauction 
losses in California might be $500 million, 
add dial is a drop in the national bucket 

Only about 40 percent of the private homes 
in Los Angeles were insured against earth- 
quakes, and many policies have high deduct- 


ibles. Rebuilding of private homes is likely to 
proceed slowly, in part because assessing 
earthquake damag e is highly problematical. 

President BzO Gmton has made disburse- 
ment of federal money a priority. In an effort 
10 obtain maximum federal hdp. Governor 
Pete Wilson passed on a damage estimate of 
$15 MB cm to $30 Mbon compiled from eco- 
nomic models — not from e xaminatio n on the 
ground — by a San Francisco engineering 
consultancy under contract to the state. One 
federal economist said that as as rule of thumb, 
he starts by cutting such estimates in half. 

Tbe artificiality of these calculations, or at 
least tbdr distance from real hfe, is under- 
lined by the posted cost of sending home 
Washington's government workers dm week 
to relieve the overloaded local power grid — a 
loss of $60 xmffion a day to taxpayers in 
wages paid for work not performed. But this 
calculation implies they will not be able to 
make up their work like others in such service 
jobs as bank desks or even insurance adjust- 


hand of government far two days. 

Part of the problem is that tbe national 
economic accounts measure production, not 
wealth. Federal Reserve economists in Chica- 
go reckon that repair work on tbe Midwest 
summer floods may have actually increased 
the gross domestic product even when set 
against crop and other output losses.. Good 
news for contractors, they said, but try to tril 
that to the farmers, businessmen, and towns 
whose houses, barns, factories, roads and 
sewer systems were swept away. 


CURRENCY & INTEREST RATES 


Dsfmw *""■ — ' 1 Jan. 21 

cross Urs HFl UP. «*. i* a tow* 

‘ Tbb nsw Mis- MU* USB . I** \m vwv 

*“**£“” M 5W »S MW UW- w» vne UM ■ SMS. 2 W 

*5 ,25 a aw aw** u «2 «w- tw* ui- w urn-. 

Pam**** in* uw ibtatt um sum aw* nuns um nw 

J* nu- Sw 2UU UM* 71TI9 .WS «* UM7‘ VMM 

55 au» — Biu MV u*» HD I an* iw 

iro«aa iS«M tarn m u» ma uns wa 

towvorttw — „ u*. un UD uw UJI- *m m* 

Parti 4tB tail US* sra ISO W4* — am «r. 

Trtw urn ■#»- WW* WO «** 

rmm 12s 5? aS 'aae wo* vtn ms* ~ uw* ttw uo* 

*** ^ shs iwa ubi usd ztbj ausw.us* “iron t mu is us 

S« Sm »*» a* «a tSRW MM.w 

1 ^A^rrtnrALiridahritrriYorioTormloaodZtxiOLfti^ 

one *|MS * m HA* «A.- 

crritWm. 

QthW PoBy pvt cnrmtitf Par* ' Camqr tors 

Cwwaar «9.w Maw XW s. Ur. rued xn 

Aroeatixso W» 7jas KZ aofantS ijtm snr.m mso 

AMirtA-S MW Mot*. knot 7AI\ SamLUrm MU5 

wdena 11J4 ****** Vm. noiam as* 

cabmervsm atf» nmeeam trm TWtWianr cm 

cncfciw*" aau jjgj. umt.n Mr MOM. UACartwn Turn 

jS wo 

ronwrd ^ T o«n*n amor imbmmw 

cwtw um J-wo eaatoWOUor u«r um vn« 

SS12ES - S! w* «. w «- ** 

plMlw **? ar * li«M I4S5V 


Eurocurrency Dopomlf* 

swts* 

OoUur D-Awrt Franc 

Sterling 

Prtoch 

Franc 

Yen 

Jan. 21 
ecu 

i month 

MW » 

tMh 

4 vw4*b 

SHrSYl 

uiiuia 


iUK 

J months 

3VB-3V, 


3 aw B* 

5Mk5 VS 

eswfc 

2-3 Vk 

saw** 

6 months 

JWlOWi 


3 “V3 ^ 

SWt-SMi 

bLjua 

1M 

iUh 

1 war 

3M% 


WF3* 

ShrShi 

5W» 

1*V1 "VW 

5 I >wS ■vw 


ftwrcBS.' Reuters. UayOs Bank. 

fl tlT n; rrYVfcnfrfr Ip /r fr ff*-*** mmtan mtnlmi m 


Ksy Monsy Ratos 

Untod Sfotet 


WnooIbCOt 177 

Conan, paper m dan HE 

8 b— Hi TWawv bfll 293 

l-norTrawryani 134 

hwcnumii MlB *OS 

S-nafTnemrynobe 5JH 

7-VMr Trwsary aota UO 

MwnananrMlt SO 

SfrymTreaiKfy mm AS 

Mnrrni UacklMav iiawtyo w at 2J4 


tonon* Merton* 
tdvtnr C t i o rmnf ai towl 


UxHtanirMa 
C MUntoto , 

. HMOIWVHM 
MNUbWoMia 

Umrlend 


BrUttfa 

Bank twn) raft *40 AS 

QMnmn A W 

l-atontti M er ton fc 5N S h 

»■ lailaWBa r k. ju 

MimR iMBfUQIm J » 

bttortuinK 5* s*v 

HWWI *30 MO 

Prewar 

iMaivcfltknrale UO A3J 

Cat! matter Vb 

Vatontti totertwak ih ** 

5-nwwrtr toorto nk * W, W 

HnaWHi Mtrbank 4a> 

IHwrOAT StB UB 

Source*: Haulers, Bloembem, Merritt 
Lmct), Bank of Totn, commentoun*. 
Gnemntt AWiMpu- Crttat cnomde. 

OoM 

AM. PM. CtrVe 
ZvrfeB 3S7J5 30*00 >-425 

London 3*705 38*40 -5JQ 

New York 3S540 30120 — 6J0 

u^dMtaraMrwnn LmSDnofflcMArr- 
tnos; Zuricfiandtiew YeritaomOngandeM- 
hvnrieeto Hew York Co/nexfFeOJ 
Source: tuuterx 


This Is a totally different reveqi-lt- 
afl Guide to nearly 50 foreign passports 
you can get from around toe world. 

If s not tbe usual Report about 
getting a second passport, but a Guide to 

acftwfl y g frftrtntoc -flac - a** costs ’ fo* 

bargains, die gfre-aways, tbe waiting 
periods (If any), tbe conditions, wfr p 
exactly to contact and w here. 

like insurance, (he acquisition of a 
second passport is only useful if obtained at 
an early stage. It’ s no use waiting until 
some mud of catastrophe looms . By then 
it's too late. 

There are, of course, many dubious 
characters who flout the law and hope to 
escape then' country with new identity 
papers. This Report is not for lawbreakers 
like than - but for ordinary, honest citizens 
whose very life or economic existence could 
be saved with the help of a second passport 

Here are 9 reasons YOU may need one: 

1. Ruthless creditors, litigants or business 
partners may be hell-bent on driving you 
into bankruptcy. Several thousand miles of 
distance between you and them would work 
wonders. 

2. An envious competitor, ex -employee or 
jibed lover may file an anonymous 
complaint accusing you of being a tax. 
alimony or draft dodger. This could put you 
in danger of having your normal travel 
documents confiscated. 

3. Your divorce-happy partner may be 
thinkin g of taking you to the cleaners. Your 
best hope of salvaging your economic exist- 
ence may be to emigrate to distant shores. 

4. You may get harrassed by certain 
immig ration and customs officials for 
belonging to the wrong countries such as 
former Yugoslavia, Iraq, Iran, South Africa. 

5. Yon may want to take advantage of real 
estate or employment opportunities reserved 
for local citizens only - in other countries 
when you you'd like to spend time or earn 
money (such as Europe). 

6. Your cem ent nationality may put you in 
the dangerous position of being one of tbe 
first to be shot at if your plane, ship or train 
is hijacked (c.g. if you’re an American nr 
Israeli citizen). 

7. Some countries may confiscate your first 
passport and prevent you from leaving their 
country - because it carries a prohibited 
stamp. 

& You can use a second passport to open 
confidential overseas bank accounts, 
ft. Yon may become increasingly aware of 
tbe lurking danger of an outbreak of war in 
Southern or Eastern Europe, or wherever 
else you happen to be living, and you’d 
prefer to withdraw to a less vulnerable area 
for your personal and financial protection. 

Discover tbe Best Passport forYflU 

This Guide carries no padded text 
and uo long-winded treatises. Just the 
h^f f, essential facts on the second 
passports being Offered in nearly 50 
countries. These arc some of the things 
you’ll learn: 

•Which countries have entered the game of 
offering "economic citizenships "to foreign- 
ers, bow much they charge and the names of 
their sole representatives you can contact 


•How to cut normal waiting periods for "camouflage passport" against terrorists by 
naturalisation in typical inunigratiou mail for under USS200 (with official 

countries by telling the authorities the right blessings), 
stories. • Where you can order a aal travel 

•The name and address of tbe consular document for a handful of dollars by tacking 
agent who delivers a legally issued African a Chung or Cheng on to your family name, 
passport for only £4000. •Where to acquire an East European 

• W hicb well-known lawyer will help you 'banking passport' for only USS 1000 and 
acquire the passport of a blue chip Latin how it can help you gun fweigner's 
American country ("Switzerland of South privileges in your domestic bank affairs . 
America") for investing a few dollars over • A ’’backdoor" method for getting fiill U.S. 
1 0 years in government bonds paying lax- entry and residence rights without lifelong 
free interest and refundable at the end of taxes and without U. S. draft. 

the investment period. • Other legal nicks for acquiring a 

•The quickest and easiest country in passport such as adoption, manriage. 

Europe to obtain citizenship - giving you learning the local language, having a baby 
freedom to work and do business in the EC. fry 3 ^ oca | travelling to the nghi 

• A really cheap way to secure a genuine on 

About tbe Author "Bw to Become a LECAL HOLDER of a 

Bore in Gtamway. , Dr. Gcrturd Kurtz has SECOND PASSPORT’ gives you the quick, 
I**® *fi? : essential facts. You get the name, address. 

telephone and f^numbcrs ofth^pcople 
(nuchd^baaten and dwuing you have to conlacL No long-winded 

businKEmcn to try and *uppre*» him descriptions and do padding. Just the 

through civil and criminal proceedings. CXs of hundred* of fnfnrm arin n ymi need In get the passport you 
ScgaJ caseecfvwrwD decades be k« ooJy one c**e -againei 
she German authorities. 

A confirmed cosmopolitan. Dr. Kurtz has beta Success Guaranteed 

an Eiixorof *ewsrai German magazines, 4 fredxoce 

cwurihutwut“Spi«gcr. “Stem" and "Nttie Rrvue” and Id fact, we’re SO sure you 11 get the 

has written several boob and Reports including “21 8 Tax SECOND PASSPORT you want through 

reading this Guide, that YOU GET YOUR 
MONEY BACK IN FULL - with no ifs and 

mica of “secret teports" oa hot tsaues such as Tax Evasion PUIS - lly gU CM! t 

g a^TO dtiagi layg . £«££f ^ HawteBacome, 

•The ingenious travel document that beats jropusa line L ®GAJL holder of, 

any passport. It enables you to travel ^ ^11 us SECOND PASSPORT 

visafiree to any country and costs virtually hap. 

nothing. pened. ""■™y3haSartl_- 

•The holiday paradise in which you can 

get citizenship and a passport FREE by j 

buying a piece of real estate. j 

•Where you can get a passport by changing I 

your religion or rendering a service. I 

• A “presidential decree” can be enough in ■ . f 

same countries to get a passport I 

quickly -You learn how much you have to I 

pay the Presidential Advisor to put in a 

good word for you, and exactly who to 

approach. To order your copy, complete and return 

• Where in the US. A- you can order a the RESERVA TlOfl FORM below today. _ 

r SsSP ° rt GUidC ReSerVatt0n FOrm (852)8505502 

I Md or Pn To: PRIVACY REPORTS s JfiAPwl StreeLGround Ftow.OntnJ, HONG KONG. 


entry and residence rights without meiong 
taxes and without US draft 
•Other legal tricks for acquiring a 
passport: such as adoption, marriage. 
learning the local language, having a baby 
by a local resident travelling to the right 
country shortly before birth - and so on 
•Which citizenships are mpslresoCL 
mended - and those to avoid at all costs. 

"How to Become a LEGAL BOLDER of a 
SECOND PASSPORT’ gives you the quick, 
essential facts. You get the name, address, 
telephone and fax numbers of the people 
you have to conlacL No long-winded 
descriptions and no padding. Just the 
information you wad to get the passport you 
want 

Success guaranteed 

In fact, we’re so sure you’ll get the 
SECOND PASSPORT you want through 
reading this Guide, that YOU GET YOUR 
MONEY BACK IN FULL - with no ifs and 
bum- if you can't 


passport Just 
drop us a line 
and tell us 
what hap- 
pened. 


f Ma.rtoBa.ome, 

*4*41 HOLDER ota 
SECOND PASSPORT 


j Price : US$96 (US$95 plus US$3 for registered airmail and handling). 

I □ 1 enclose chequed auk draft for eopyCws) at USS drawn on » U.S. bank 

I and payable to "PRIVACY REPORTS". Please note: you may prefer to pay by credit 
■ eanCsince your payment will be cleared more quickly, and delivery of your copies will 
{ be faster. ^ 

}□ I prefer to charge my Credit Card (please tick): % 

| Q American Express D Visa D Mastercard O Diners S 

| Card A/C No. , 

j Expiry D«e Signature — „ . 

j Name (BLOCK LETTERS). 

| Delivery Address - 


I (In case we need u contact you sbflu your order) | 

I IfJLQiL iLEIYi£U^^S§PQRT^ JLA££_1S _FUU__ J 



./. . _ 




Page 10 

MARKET DIARY ~ 

Blue Chips Cany 
Dow Over 3,900 


INTERNATIONAL HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 22-23, 1994 


Vio Auodafad Press 


't&W'Jones 


average,: 


Compiled by Our Staff From Lhsppidies 

NEW YORK — A few economi- 
cally sensitive blue chips lifted the 
Dow Jones industrial average to an 
eighth consecutive record on Fri- 
day but the broader market was 
showing signs of exhaustion. 

While the Dow Jones industrial 
average rose 22.52 points to 

K.Y. Stocks 

3,914.48, the Standard & Poor’s 
composite index slipped 026 point 
10 474.72. 

" “ft’s really a no-fun kind of a 
rally," said Don Hays, investment 
strategist at Wheat First-Butcher & 
Singer. “We're experiencing a very 
lackadaisical bull market.’’ 

Declining shares led advancing 
titles on the Big Board by a margin 
Of U to 9. 

Volume rose to 343.60 million 
shares from 3J0J7 million on 
Thursday. Dealers said that volume 
had been boosted by orders associ- 
ated with expirations of options on 
both individual stocks ana on some 
stock indexes. 

With little economic news oat 
Friday to give stocks direction, in- 
vestors focused on quarterly earn- 
ings reports. 

Caterpillar soared 4% to 98% af- 


ter the company issued an upbeat 
income statement. 

Apple finned 3% to 29% in brisk 
trading after several brokerage 
bouses raised their investment rat- 
ings on the stock. Apple reported a 
strong rise in sales. 

Bethlehem Sled Corp. rose 1% to 
23% after its USX-U.S. Steel 
Group Inc., the largest U.S. steel- 
maker, reported robust fourth - 
quarter profit. 

Andrew C-orp., the supplier of 
communications systems, rose IK 
to 40%. The company said first- 
quarter net income rose sharply. 

Among the weak performances, 
closed-end funds of Japanese equi- 
ties fell after Japan's upper bouse 
of parliament voted down Prime 
Minis ter Morihiro Hosokawa’s re- 
form package. The Japan Equity 
Fund fell % to 14. 

Separately, Elaine GaizareUi, ex- 
ecutive vice president with Tollman 
Brothers and one of the market’s 
most optimistic bulls, said that the 
U.S. stock market was currently 
undervalued by 20 percent. 

She compared today’s market to 
that of 1963 and said that if the 
Clinton administration’s budget 
deficit reduction package was suc- 
cessful, the stock market “party 
could go on forever." 

(Bloomberg, AP, KnigfU-Ridder) 


iv >:ry -&w 



PowJwwj gngg 

OMP WOU LOT LOT Olf. 

; Indus 3S93J4 39Uaore0U5 391420 +&3« 
Tram 1014X8 1811U1 1107.14 1814X3 *M3 
I IM Win Z2CJB ZlWOt n * 75 — 066 
I Como MIS® 1617X4 1412XS 1*17,4* + U2 


! Standard A Poor's Mmm 


EUROPEAN FUTURES 


Cion MM Lot Prev.Cta* 


| Inoustrtats 
Tro top. 

, UiilMes 
Finance 
SP 500 
SP 100 


Hm lot dose art* 

Sim sun mss— am 

U4JB 440X0 U3.73 —215 
16921 lfiBJQS U432 —172 
44 M 64X7 44X5 -HUB 
475X6 47X73 47472 —076 
44077 43127 44077 + 1X4 


NYSE Indexes 


CorrwasWe 

inouMrtatt 

TnrtSP. 

U lffitv 

Rflffn 


26X51 26X60 26X11 —0.12 
32X10 mil BZ73 *0471 

29004 278 JQ 27090 —0X9 
22X81 22X61 23476 — OW 
219X1 21X23 31X82 *108 


XArs'VV b:j 

19S4. 


KASDARMum 


I NYSE Most Actives 


Composite 

InduStrtote 

Finance 

Insurance 

Tele comm 

Banks 

Trerwa. 


HI** LOT 0099 Orte 
794® 79241 794® 9-177 
82244 Ota 83174 +U3 
89494 8H77 69870 4-182 
92479 91?® 92479 4-244 
18466 15X21 18372 —155 
699J7 69147 6H.U +174 
74743 76025 74SJ9 +472 


COCOA ILCE) 

Stem per nwmc lon+ots BM8 ton 

as s as as ss ^ 

& & s s » = = 

MOT IB M W S — - 

Mo, 971 m 969 944 — — 

Jot mm mx m.t. — — 

Sep 995 995 995 984 — — 

Dec IM \JKt N.T. H-T. - - 

tit votome: 1979 
1 COFPBE ILCS) 

Dollars 9*r metric *1 5 fan* 

3m Iris US 1.178 1.145 — — 

Mar 1.179 U K UQ2 1.178 — — 

! May 1.182 UB4 130S UK — — 

Jut US U4P U« 7.730 - — 

Sap 1.174 1,175 1,190 1,173 — — 

Her 1.172 1.775 1.T90 U75 — — 

Jon 1.170 1.174 1,100 1.188 — - 

> Eil. volume: 4®2 

Htofe Low CteM am 

VS 

ADO 29340 295L50 3244 293.19 — 8® 

Qrt 281® 26040 280X0 291® — 1 JO 

Dae N.T. NX. aOTC 28270 Unch. 

, Mar N.T. N.T. 3536 2H2X0 - IS 

Est. volume: 1,368. Prev. volume: 
1 m Open Bit: 11714. 


industries 

Kk* Law Last Settle Clrte 
GASOIL (I HE] 

Uj. del Inn per metric 
Feb 


Maw UXDO Ml. 

Jim M24B Ml. 

Jal '• 14480 M3 

An w&® 145 

Sep MUD U7. 

0 d UU5 1®. 



HostMn 

CmpAsc 

•Comes 

TelMeK 

RJR Ncto 
IBM 

CTrmBnk 
, WWFn 

1 Mere* 
TTmeWo 

CanlRiS 

WnlMrti 

GnMcor 

Glaxo 

ATBT 


Mah 

LOW 

Lost 

Ch*. 

12ft 

12 

12ft 

-ft 

401% 

37ft 

re 

—3 

30 

aft 

20ft 

—1ft 

70ft 

69ft 

69ft 

+ Vh 

7ft 

7ft 

7ft 

+ ft 

55ft 

SAt 

55ft 


38ft 

379 1 

376* 

—68 

19ft 

18ft 

18ft 

—1ft 

35ft 

34ft 

35ft 

—ft 

41ft 

40ft 

40th 

+ 9% 

50 

56ft 

57 V% 

—2ft 

25ft 

>5 

25ft 

—ft 

soft 

60ft 

AOft 

+ ft 

19ft 

19ft 

19ft 

+ ft 

S6ft 

55ft 

55ft 

—ft 


AMEX Stock index 


Hisb lot am era* 
46493 48X58 48474 —107 


Dow Jones Bond 


AMEX Most Activos 


2D Bonds 
loummei 
10 Industrials 


MsrkotSsios 


Dollar Tunis Around 
After Drop Against Yen 


EcHoBav 

OwvSR* 

RcryntOg 

arcof^i 

Ann 

TonSrce 

Estop 


VoL 

Htah 

Lew 

LOT 

ere 

13777 

139% 

13ft 

13ft 

—re 

12779 

33ft 

31ft 

32ft 

+i% 

10010 

4ft 

4ft> 

46% 

-ft 

7182 

14ft 

lift 

14 

+ift 

6043 

69% 

6ft 

6ft 

__ 

5093 

5H 

5ft 

56* 

+ 8% 

42S3 

199% 

19ft 

19ft 

—ft 

3560 

13ft 

12 

13ta 

+ lft 

3364 

5ft 

5 

5ft 

—ft 

3187 ZBft 

279. 

aft 

—ft 

3163 

6ft 

5ft 

5ft 

—ft 

2931 

1>Vm 

1ft 

1ft 

+ ft> 

2705 

15ft 

14ft 

146% 

+6% 

2540 

3fta 


3Vii 

+ ft 

2494 

10ft 

1M% 

10V% 

—ft 


I MYSE 4 pjn. volume KU JftOOC 

NV5ePrtv.eotB.Ctae 390022,190 

Aim 4 pjn. vtriume 20739X30 

Amex Prtv. cans. Close 2ZM6,T70 

NASDAQ 4 am. votume 290X01X00 

NASDAQ prev. 4 Am. volume 340114300 


H.Y.S.E. Odd-Lot TrtkBng 

Buv Sales Short* 
Jan.® 1494327 7JB4S23 29460 

Jan. 19 1482708 1X348S 32X35 

Jen. 15 1X15727 L374611 34447 ! 

Jan. 17 770324 1424788 44343 

Jan. 14 939221 1 <439,411 79417 I 


Metals 


BIB AS* BM Ask 
ALUMINUM (Km erode) 

DoUan per metric too 
Spot 117200 117X00 116880 1169® 

Forward 1189 PC 11 9000 116640 1187® 

COPPER CATHODES (HU* Grade) 

DoSan par metric tea 
Soot 164240 T 84340 1859® 1868® 

Forward 1866® 164550 1882® 198X50 

LEAD 

Donors per metric no 

Soot 50X00 5*9® 50400 589® 

Forward 528® 52050 52050 571® 


SOT 546400 567000 5718® S730® 

Forward 5725® 5738® 577S® 5780® 

DoBnr* per metric tea 
SOT 4980® 500000 4990® SOOO® 

Forward SD0QQ 505000 50*00 3950® 

ZINC ( S peci al HU Grade) 

DoOara per metric tea 

SOT . 100440 100550 I01SJD 1016® 

Forward 102320 HEM® 1034® 1035® 

Financial 

Hie* Lot Ctae Choose 
MMONTN STORUm O-IFFEJ 
IS9UM-pH0f1Mpct 


ss 

est. volume ; tiSli. 

BRENT CRUDE OIL (IPG) 
UAddtapeN rrLlMj BU ® he r nite 
Mar £54 1X72 UM 1X17 +0.11 

Acr IMS a® 1130 1373 +007 

May 1353 1X81 lass 1357 -*-0® 

JM U.15 U9B un 1X58 UfKTL 

Jal 1451 M.U 1415 1415 +052 

Alir 14® 1437 1430 1430 Uneh. 

SOT 1449 1443 1449 7446 -201 

Oct NX. N.T. NX. 1470 +0® 

NOV MX4 1484 MX* 1484 +0 2? 

Ext. volume: 40326. Opeoint 145414 


Stock Indexes 

Mata Lot Oa® Chaow 
*25 9*r maex pmot 

Mar 35176 34(45 34910 +93 

Jon 35380 OTOO 35040 +10J7 

£|p 35270 3S20X 39259 +115 

est. votume: ZLMOl Opoa 

Saure m,- Xa ta M aht Asaod atod Pms. 
London tnrt Ftnanctaf Futures E xa tanu •> 
tart Petnhom Exchange. 


Spot CommocBt lss 

Commodity TMap ften 

AJundnum. lb 053 053 

CotHw.BrTO.lt) _ 0635 CL635 

C OP P er gectroMtc. tb QJ95 05875 

Iron FOB. ton ZU® 212.00 

Leod.it> aw 034 

Stiver, troy 0 1 5.19 5® 

Steel Iscnskiai 133® «U3 

TWlb 35(15 35879 

Zinc lb (U89 0®U 


DWMemSs 


MasabankOmp 
provWmd Btaftrs 
Wane MOOT A 


Per Amt 
INCREASED 
• Q 51 


Compiled bv Our Staff From Dispatcher 

NEW YORK — The dollar 
marip a dramatic comeback against 
the yen and Eun^iean currencies 
on Friday after it fell nearly 2 yen 
early in the day because of the 
political turmoil in Japan. 

The doDar dropped to 109 JO yen 
in early trading, after a political 

Foreign Exchange 

reform bill backed by Prime Minis- 
ter Morihiro Hosokawa was defeat- 
ed in the upper house of the Japa- 
nese legislature. 

At fust, traders bought yen for 
dollars on speculation that the Ho- 
sokawa government, hamstrung by 
its defeat, would be unable to meet 
U5. demands in trade negotia- 
tions. Frustrated at the ha rgarnmg 
table; the Clinton a dminis tration 
might resume its calls for a stronger 
yen. traders said. 

Eater, though, “people decided 
the dollar had no business being 
under 1 10 yen given Japan's eco- 
nomic fundamentals," said Don 
Quattnicd, a currency trader at 
Shawm ut Bank Connecticut in 
Hartford. “Logic prevailed." 

The dollar finished at 1 11.60 yen, 
up from a dose of 111 J6S yen on 
Thursday. The rebound helped the 
dollar rise to 1.7542 Deutsche 


marks, up from 1.7376 DM on 
Thursday; to 5.9565 French francs 
from 5.9125 francs and to 1.4685 
Swiss francs from 1.4545 francs. The 
pound fell to S1.4927 from SI. 4968. 

Plans to jump-start the Japanese 
economy mil probably be adayed 
now that Mr. Hosokawa’s political 
reform package has been defeated, 
traders said. 

Concern that overseas investors 
will dump Japanese stocks and the 
yen next week helped to halt the 

S n’s surge Friday, traders said. 

ews of Mr. Hosokawa’s defeat 
came after the Japanese markets 
closed for the day. 

“The market is playing tug of 
war with the trade issues, which 
support the yen. and the fact that 
the Japanese economy is in bad 
shape,” said Carl Amendola, vice 
president at Bayeriscbe Hypothec 
ken-& Wechsel Bank in New York. 

Mr. Amendola said traders were 
waiting to see if Treasury Secretary 
Lloyd Bentsen mentions the yen 
after he meets Mr. Hosokawa in 
Tokyo on Sunday. 

The dollar tumbled against the 
yen last year after President Bill 
Clinton and his aides said repeat- 
edly that a strong yen could curb 
Japan's trade surplus. 

(Reuters, Bloomberg) 


NYSE Diary 


unchanged 
Taw issues 
New Highs 
New Laws 


•inctetod/n mr safes earn s. 


SAP 100 Indax Options 


IM Fd Hr Mr Je Ftt W 

— — — S»R - M N 

— — — — — fc Ik 


9474 

96X0 

9463 

—OX6 

9433 

94X7 

96® 

— 0X4 

3495 

9690 

(451 

—OXS 

9493 

34® 

9490 

— 0X4 

9401 

3477 

9477 

n nr 

9463 

9459 

9459 

—0X4 

9645 

96X2 

96X2 

— 0X4 

*632 

9627 

9627 

— 0X5 

9417 

34 V4 

9413 

—0X5 

MXS 

*400 

9159 

-0X6 


INITIAL 

Allied Btan n - .10 

IRREGULAR 

RFS Haiti - 33 

Tomckirt PLC x .153 

motor amoeat Mr ADR. 

REGULAR 


1-31 MS 
+31 2-11 
3-1 3-15 


1-31 2-15 
2-4 4-18 


uj/ATTHiCtON 

D igi tal in Bid to Raise $1 Billion 

- * 

c^talo^ditures or * nvcstm ^ ts I 5^ to raise the $1 
relation *■ ore- 

billion through the sale of senior or 

fared stod^or warrants to purchase secanties^Tbe terms of the secun 
ties wfll be available in a supplemental prospectus. 

New Constraclion Boosts CaieipiB^r 

PEORIA, Bfineis (Bloomberg) — Caterpillar Inc ; ■**“ 

mending increased on new highways, low interest rates sparked 
home construction and the farm econo^mproved. ■ 

period the previous year. 

Westinghonse Absorbs Layoff Costs 

P IT T SB URGH (Bkxanbdrg) — Westinghouse Elcctnc Corp. pcsted a 

^TnrtnHi^ SSs- Westinghouse had a fourth-quarter net loss of S478 
million, or $138 Sire. In addition to thenstruemmg diarg^Wattre- 
house took a $95 million charge for a reserre rdated to duKOTtoned 
operatiems. Westinghouse’s year-earher loss of $ 1 ^8 bfihon mduded ane- 
rimfe charges of $136 bOhon. 

Kellogg Reports Earnings Up 17% 

BATTLE^EEK, Michigan (Bloomberg) —Kellogg Co. said fourth- 
quarter earnings jumped . 17 percent as sales of its ready-to-eat cereal 

business stresgthened worldwide. ,,„ 0 

Net income rose to $1493 nrilHon, or 66 cents a share, from J1Z/.9 
mfflkm , or 54 cents, a year ago. The latest quarter's results pdude a 
pretax gum of $33.7 rmllion from the sale of KeHogg’ s Argentin e sna or 
food b^Sess and a pretax charge of $34.8 mimonfOTtlK WrtcHiowiictf 
some assets in Europe. Fourth-quarter sales rose 10 percent to SI -57 
bQhon from i\AZ button. 


Amex Diary 


Total bues 
NOW MOHS 
Now Lows 


NASDAQ Diary 


at 

_ 


— 

_ 

— 

ft 

6* 

1ft 


_ 




TO— 

— 



— 


TO 

_ 

_ 


— 

ft 

ft 

1ft 


_ 



35ft 





1V% 

— 


_ 

TO. 


_ 

ft 


1ft 

» 




TO- 




ft 


I* 


ca 

no* 

7M 

JV6 


ft 

ft 

7ft 

m 


Kte 


17* 

_TO 

ft 

1ft 

1 

— 


vte 


DVJ 


1% 

? 

4 

5ft 

433 

4ft 

71% 

9ft 


ft 

3ft 

5ft 


Ml 

6% 

4 

tin 

5V. 


«i 


fft 

445 


1ft 

3ft 


5ft 

8ft 

Hft 




4 

7ft 

3ft 



U 

Oft 

15ft 

05 

ft 

<« 

ll% 


— 


lift 


441 

— 

ft 

1% 

118 

— 

— 

— 

23ft 


r. HOT ML 194IJI; MU men lid. «U0 
; total VOL167J39; tolola>at M.BL11I 

c DKN Dec 95 Dec9i DccM Decs 

A - - - I P% 

-- — H- 

- - - N » 

i: leM ML Ri MU open M. 7211 
: total voLDI: total ooeoM. 19.199 
a: CBOE 


— — Est- volume: 44W.OOTI In*.: <17® 1. 

| 3-MONTH EURODOLLARS CUFFS) 

SI mHOM -mdMMCI 

_ «. Mar 9445 9445 5445 +AD2 

Jan 9437 9434 9435 +0JJT 

S*P 9409 9409 9405 UnCtL 

M r Due 9539 9449 9167 +0JII 

Me T N.T. N.T. 9453 +8JT2 

- Jan MX. N.T. 9428 +007 

m see nx. n.t. 940s 4-0® 

— EsLvotome: 511. Open lot. : 11X211. 

_ S-MONTH EUROMARKS CLIFF*) 

M DM1 RBaea - M we po 

_ Mar 505 506 506 —401 

m JOT 904 9477 9478 —004 

_ Sep 9420 9411 9413 —004 

M Dec 9442 9434 94X5 - 0® 

_ MS 9458 94S2 9452 —405 

a,. Jtn 9445 9459 9459 -0J¥ 

_ Sep 9443 9457 945H -005 

icy, Dec 9453 9449 9450 — OJO 

_ Mm- 9442 94ffl 9440 -OJM 

mu, MS > 9430 9435 9427 —403 

Est. vahffnp: 15041 Open ML: 87+854. 
lo9(o silt ojpfei 
bomb - ms A Bata 01 180 PCI 
MCM Mar 115-B 115-17 11520 >009 

Jan 179-ar 11431 11MB —060 

Est. votume: SIMS. Open M.: 10X959. 
GERMAN GOVERNMENT BUND (LIFFE) 
DM3SMBB-PtSO(188pa 
Mar loo® 99.99 100 m —024 

Jan 70042 100.04 10OJI7 —0X9 

ESL volume: 194224 Open InL: 171230. 



3-11 3-1 

3-1 3-15 

1- 31 M4 

2- 1 3-1 

1-37 2-3 

3- 1 3-15 

1- » 3-18 

141 2-18 

2- 11 >4 

2- 3 2-W 

3- 1 3-13 
3-1 3-15 

2 - 38 3-15 
3-7 MS 
36 3-18 

1- 31 2-10 
3-3 3-15 
T30 3-20 

3- 14 4-4 

2- 22 3-11 

3- 1 >1 

1-38 3-18 
1-38 3-11 
1-24 1-31 
1-31 141 
1-24 FI? 

1- 34 1-31 
Ml 3-15 

34 MB 

2- 70 3-10 

*15 *1 

1-31 M2 
331 4-21 


Boeing Reduces Job Cute by 4,000 

SEATTLE (Bloombesg) — Boeing Co. said it would cut 4,000 fewer 
jobs than previously anno unced, mostly in die Seattle area, because of 
expectations erf growth in air traveL 

The world’s largest tnnirw of passenger jets announced a year ago that 
it would dash its work force by 28,000 people, or about 20 perani, in 
1993 and 1994. By the end of tins year, Boeing’s airplane production will 
be 40 percent kss than its 1992 peak, according to already scheduled cuts. 

Castle Energy Sued by Shareholders 

NEW YORK (Knjgbt-Ridder) — Castle Energy Corp. said Friday it 
had been sued by its shareholders in two saiarate suits alleging that the 
company violated securities laws by failing to displ o se information 
msnr r trn u the frnsrtcin] crmdUifm of MetaHseSfillschaft AG and its affill- 




Sony’s Ohga Puts Stamp on Corporate Structure 


Agence France- Press* 

TOKYO — Sony Corp. announced Friday a 
new corporate structure with the establishment 
of three new groups and five new divisions to 
replace the 19 product and marketing groups 
put in place a decade ago. 

Sony’s president. Norio Ohga. said tbe new 
setup 'would ‘Timber consolidate management 
resources and reduce management layers.” It 


a lyi aims to coord in ate maHreting and manufac - 
turing operations, and to increase autonomy. 

Mr. Ohga said that Sony’s founder and chair- 
man, Akio Morita, was “recovering quickly” 
from a stroke he. suffered in November. 

Sony said each of the eight new “companies” 
would be headed by its own group or division 
president to encourage greater autonomy. 

The three group s, defined as established 
business nmts with net sales over a certain level 


will be responsible for consumer audio-visual 
products, components, and recording media 
and battery activities. 

Tbe five divisions, defined as units that dem- 
onstrate growth potential^ cover broadcast, $ys-_ 
terns business, per so nal information and com- 
munications, mobile electronics and 
semiconductor operations. 

The eight new structures will be introduced 
starting in ApriL 


A MemiigeaeTisfJiaf t subsidiary. MG Corp* owns 40 percent of Castle 
Energy. MetaUgeseflscfaaft recently needed a 3.4 bzZfion Deutsche mark 
($137 bfllkm) bailout from its leader banks to avoid insolvency related to 
heavy losses m U.S. oil futures trading. 

Cutle Energy called the allegations in tbe complaints “groundless,” 

2 Bells Test H2 AT&T Settlement 

WASHINGTON (Bloomberg) —The 1982 consent decree that broke 
up American Telephone & Telegraph Co. took two more hits Friday from 
two Baby Beflswho want to offer kmg-distance services. 

In the first ehaltengR, Bdl Atlantic Corp. asked the Department of 
Justice to support the dinrinatioii of long-distance restrictions in order to 
promote competition in the tdecanmumicatioiiis industry. 

In the secoud move^-BdESouthCcKp; said it .filed lot permission front, 
the Federal Communications Conumsaoa to offer long-distance pbonc 
services. In its filing, it raised die issue of AT&T’s pending aoqirirition of 
McCaw CeDnlar Communications Ind, caning it an unfair inenreum into 
local service without a reciprocal right of Bdl companies to offer long- 
distance. 


WORLD STOCK MARKETS 


U.S. FUTURES 


A0VK* France Prana Jon. 21 


Amsterdam 

ABN Amro Hfd 
ACF Holding 
Aegon 
AiaW 
AkJO 
AMCV 
Amsl Rubber 
BOT-WeMOOT. 

D5M 
Elsevier 

FotiKer 

Cisl-Brocadn 
HBG 
Heineken 
Hoosovm 
Hunier Douglas 
IHC Caland 
inter Mueller 
i at' i Nederlartd 
NL» 

KNP BT 
NeUilort 
Cce Grlnlen 
Poknsed 
PM II as 
Pol reran 
RTbKo 
Podamcn 
Raima 
swemo 
Ravel Dutch 
Stark 
Unilever 
Van Ommeren 
•J!IU 

/.'crtiers/Kiuwer 
A EX . trend Indy : 42LS3 
Previous : 4JL98 


Va Aaioctota Nraa 


Helsinki 

Amer-Vlifvmo 120 IX 

En*o-G«itnlt 4430 «.9o 

HuhramakJ 204 207 

K.CXP. 14® 14.7D 

Kimunsne 123 124 

Metro 217 720 

Nokia JIB 320 

Pohlola 98 57 

Raooia lit 718 

Stockmann 77? 294 


Hong Kong 



m 

i 


| t *« i 7j[»r - ' tli 





Brussels 


Acee-UM 

AG Fin 

Artec 

eoree 

Bekavrl 

Caekerill 

Ccfteoa 

Deinaize 

Eiectrobel 

GIB 

CBL 

Gevaert 

Kredletbaik 

Patronna 

Poweriln 

Royal Beige 


2790 2775 
2990 3000 
4345 4420 
2380 2155 
20750 20850 
17V 185 

5770 5780 
1515 15® 
6510 4510 
1432 14® 
4040 4075 
9310 9390 
7670 7700 
1 0450 10525 
353) 3575 
5950 4010 


Sac Gen Banaue 8880 6870 
Sec Gen Belaloue 7)00 2690 
Soflra 15100 15200 

Salvor 14775 1.5725 

TrtJCtebel 10900 10875 

UCB 240® 341® 

Kss.’nM r ,7m " 


Frankfurt 

AEG 172 173 

Milan: HO*d 2706 2747 
A Reno 640 «4Q 

Ajfco 1110 1116 

BASF 283J0S0-50 

Bayer 343352® 

Oar. Hype BOO* 443 44V 

aav VtretnsU 51 2 JO _ 5« 
BBC 7W714JC 

8HF Bonk 450 446 

BMW 670 695 

Commerzbank 358343L ® 

Continental 248 3g 

colmier Beni 784 777 JO 

Desuua ess® 4*i 

Dt Be&coek 244® 252 

Deutsche Bunk 7W816J0 

CKM3IC3 540 543 

Oresdner Bank 415 410 
FeWmuenie JHjH.90 

F Kruaa Koesai 172170® 


54® S3® 
13® 13.10 
47® 4S2S 
49® 49® 

i3® tin 

19® 18.70 
74® 74® 
54 54 

45® 47 

31® 2220 

3H 2uo 

27® 27® 
2690 27 

114 113 

1110 1120 
16® 16® 
1X90 13® 
39.75 37® 
27® 27® 
79 78 

35.25 3175 
19 19 

II® 11® 
21® 21.10 
37 3575 

44® 45 

5® 5® 
62 63 

1190 1180 
370 170 
3425 35 

1470 M.10 
1450 14® 

Johannesburg 

AECI 1425 1875 

A DeeJi 93 93 

Anglo Airier 202 208 

Barlows NJV. 77 M 

Blyvoor 11 10 

Button NA B 

D* Been 10A2S104® 

Driefontein 51 S3 I 

Gencor a® 425 

GFSA 97 103 

Harmony 30 26J5 

H1«livekl Steel 17® 16® 

Ktoof _ 52 . 


Land Sec 

Looorle 

Lasma 

Legal Gen Grp 
Lloyds Bank 
Marks Sp 
ME PC 
Marl Power 
Naiwwt 
NttiWst Wo ter 
Poaraon 
P&O 
PIlkMOton 
Power Gen 
Prudential 
Rank Ora 
Peckttl Col 
Red Iona 
Reed MM 
Reulers 
RMC Group 
Ralti Ravce 
Rotnmn (unit) 
Royal Soot 
RTZ 

Salnsburv 
ScotNewcas 
Scat Power 
Sean Hulas 
Severn Trent 
Snell 

SrSth Neobew 
SmJTti Kline B 
Smltn IWH) 

Sun Alliance 
Tote & Lyle 
Tosco 
Thom EMI 
Tomkins 
TSB Group 
Unilever 
UW Biscuits 
Vodafone 
War Loan H4 
Wellcome 
Wtiltbreod 

William sHOas 

Wlllh Carroon 

F.T. 38 Index : 2 


Opai High Low Onee Ob OpM 


Accor 
Ah LloukJe 
Alcatel Ataltiom 
Axa 

BmcDire (Clel 

8IC 

BMP 

Carrefow 

Ccp. 

Cerws 
Chargour-; 
Clmonts Franc 
Club Meg 
ElMaui/alne 
ElFSanan 
Euro Dhnev 
Gen Ecux 
Havas 
i metal 

Lafarge Coooee 
Legrana 
Lyon Earn 
Oreal CL) 
LVJMJL 
Matra+fadiette 
Mlcnelln B 
Moulinex 
Paribas 
Peehlmv Inti 
PemoU-RIcart 
Peugeot 
Prlntvmps (Aul 


Sydney 


127 HI 
1866 19B4 


1166 19B4 
426 429 
Bougainville l.io no 

Coles Myer 5® 5J4 

Cormrtco 112 125 

CRA 1876 1874 

C5R 5J7 i40 

Dunlap 564 568 

1 Fosters Brew U4 uo 

Goodman FleU 171 1® 

ICI Australia II® II® 

Magellan Z10 2.15 

I MIM 279 2 S3 

NOt Am) Bonk 7229 >246 

News Carp 960 9 .95 

Nine Network 5® 5® 

■ N Broken Hill 165 365 

Pioneer inn 268 267 

Nmrajy Poseidon 2*5 27C 

OCT Re s o u rc e s l® 1® 

Santas 191 198 

TNT 2X5 ZXO 

Western Mining 7® 7® 

Westpoc Banking 464 461 


&SSSTSJ 


irm- 


Nedbank Grp 
Randfonleln 
RuspM 
SA Brews 
St Helena 
Sosol 
«f«kom 
western Deep 


44 45® 
77® 78 

84® 85 

«i 43 
19® 19® 
NA. 47 
IAS 170 


Hammer 

Hermei 

Hochllef 

Hoeemi 

HaUmann 

Horten 

IWKA 

Kell Soli 

Kortigdt 

Kaumaf 

KHD 


319® 319. Id 
638® 654 

1215 1230 
38® 296® 
ItB 1048 
240 240 
282384® 
140 159 
526 534 

477 488 

11720120X8 


Ktaekner werkeiiSJO 123 

Llreje 690 90S 

Lufltwnsg 175184® 

MAN 383 391 

wnieunaM JT7AM® 

AAetolloefeii 238 m 

Muenoi Rueck 34« 342S 
Poradte 84S S4S 

Prtwm 440® 455® 

PWA 2 32 73S 

RWE 481498® 

Rbommctall .3*4 JJ5 

sawrlng 'J73 IBM 

SEL 39S 386 

Siemens 705^713® 

TBvtien M7 252 

V»ta 3** 3*4 

Veto 493503X0 

V£W 347350.m 

vitra 4I7.W 4*0 1 

VoUSwOden 430® 441® 

WiHa 633® «3»; 

DAX Index : 287361 
PrevloaS : 21M® 
£«W«L«S«I 
Previews : 81M4 


Ceaipostte Index 4810,13 
Prfrlottt : 482894 

London 

Aotmrhon 9® 

Allied Lyons 665 

ATtoWMirK 279 

Argyll Group 27) 2 

A» Brit Foods .579 

flSr IMJ 7« 

BAe 

Bonk Scotland 2. 
Barclays OJO A. 

Bass 
BAT 
BET 

BlueCIrde 363 

iS. 6 ™ 00 IS 

Bowatrr XI 

BP 

Brit Airwtws 460 

Brit Gas 363 

Bril Steel 
Brit Telecom 
BTR 

Caoie wire 
C adbury Sen 
Ca radon 
Coots Vlyella 278 2 

Ca mm Union 475 6 

Caurtauku 570 

ECC Group 578 S 

Enterprise Oil 4JB A 

Eurolmwl 5.70 5. 

FNom 

Forte 266 2 

GEC 337 1 

GcnT ACC 7 JO 

Gtoiro 462 L 

Grand Met 4® a 

GRE 236 2 

Guinness XI7 i 

GUS tn 6. 

Hman 279 2 

HllljdOwfl 163 

HSBC HUBS 9.98 ?- 

ICI 7.74 7. 

Inaicape S68 X 

Kinausner 663 6. 

La«roke 264 2 


Madrid 

BBV 3015 304* 

Bco Central Hbp. 3165 3205 

Bones Santander 6880 6680 

CEPSA 3000 3000 

Oraeadas 2515 2540 

Enaesa 7V20 7945 

Ercros 160 155 

Iberdrola I 1050 IDS 

RePSQl 4*90 466C 

Tabocalera 4190 4200 

Teletan tea 1930 1945 

ux^taerm leda : 3486S 


Banco Comm 
Bastogi 

Benetton group 
.CiP 
Cred Hal 
Errtetwttt 
Ferfln 
Fortin Rlso 
Ftei SPA 
Flnmecconkn 
Generali 
IFI 

ilalcem 

lianas 

Itolmobllkire 

Meaiacxmca 

Mantedbsn 

OHvettl 

Pkun 

HAS 

Rlnaecente 
Sal gem 

San Pools Torino 

5i P 

SME 

Said 

Sienna 

Stel 

Toro Assi Rise 

*«*££“ 13° 

Prevlaai :fio 


Rf>- Poulenc A 
Rati. S3. Loots 
■ RodOUte (LO) 
Saint Gabain 
S.EJJ. 

Ste Generate 
Suez 

Ttxpiaon-CSF 
Tatol 
U-A.P. 

Valeo 


Sao Paulo 

Banco do Brasil 9500 7700 

Bcnespa 5850 5400 

Bnmaai 7700 HCCC 

BrtOmo 1330a 1300a 

PirtroOrm 74000 73000 

Telebros 19300 17700 

| Vale Rio Dace 59000 61000 

Vartg 82000 75000 

Kin a 


Singapore 


Tokyo 

Akal Elecfr 444 455 

Asanictwmtaa 677 *77 

Asobl Glass 1150 M» 

8enk of Tokyo 1729 7779 

Bridge s tone 1429 1410 

Canon 1413 1580 

Casio 1C80 1090 

Dal Nlpoan Print T7DG 1490 

D0M0 House 1650 1620 

Daiwa Secartties 1520 1500 


Cereftos 
City Dev. 

DBS 

Fnner Heave 
Gentlnp 


7 JO 730 
6 ® 6 ® 
11.90 11® 

16.70 14® 

14.70 1660 


GcWwj Hope PI 264 27V 

Haw Par 146 1W 

Home Industries 4.79 4.7D 

ineneeM Lis L20 

Kennel 11 hlbo 

KLKepanp 114 lid 

LumOiano 763 164 


Mokmm Bantg 175 8® 


OCBC 

CHIB 

OUE 

Se mto wgno 

snanarlla 

SimeDartTv 

SIA 

Store Lana 
Store Press 


1160 13® 
US 8.13 
735 730 
■4® 1460 
s.90 S65 
362 360 
7^5 7 60 
4® 450 
IS WJO 


Montreal 


Afoon Aluminum n.Q. 30 v, 

Bonk Montreal 29^ 29ki 

Bell Canada 434 OT 

Bombardier B Jlta 2rvj 

CamWar 21^ 221* 

Cascades 71* 7*k 

Dominion Tr«1 A K Ilk 

Donohue A 2Sfc 25V> 

MaeMlItaBi Bl 21k> 22>z 

Nail 9k Canada III* Hi* 

Pgw«r Cam Zlfe 23*t 

Quebec Tel 21%. 21S 

OuebecorA 29 » 

Ouebeear B 19th IT'V 

Teiegioto 21 29*. 

unlvo Tt TN 

Video iron N.Q. Stft 

j CXSRjSZfc'™ 


Sino Sieamsnio 362 176 

Store Teleco mm 3® 366 

Straits Trading 3® 158 

VOB lafO 1178 

UOL 114 112 


Stockholm 

AGA 413 4» 

AseaA 535 971 

Astra a I «0 iso 

Atlas Copco 449 448 

Electrolux 8 333 343 

Ericsson 370 370, 

Esseitg-A no m 

Hondefsbanken 131 133 

Investor B IB7 185 

Norsk Hydro 251 254 

ProccrtJta af 1® )46 

5todvlk 8 125 123 

SCA-A 148 149 

S-E Banfcen 68® 45® 
SkOMkl F 198 198 

SOTlMo 217 217, 

SKF 146 148 

Siam 444 440 . 

TreUetwra BF VI® 90® 
Volvo 634 644 

Frrr kta : nsus tmu 


Fanuc eCS> 4100 

Full Bar* 2U0 206C 

Full Photo 2510 2570 

Fujitsu 7S 913 

Hltoctll esc 058 

HltoctiL COWe 794 795 

Hondo 1620 1620 

I to YgkadO 5290 5129 

Itodlu 6X7 «S 

Jaaan Alrttnes 634 63» 
KOllma 935 900 

Karunl Power 28M SCO 
Kowasokl Steel rn 322 

Klrtn Brewery 1210 12W 
Komatsu 320 S1J 

Kubota 600 600 

Kvocero «D90 6329 

Menu Elec mas toio id'.o 
Matsu ElecWks 1C30 1040 
MlfsuWsmBk 3000 7710 
Miteueisrd Kawi 4*2 4I» 

Mltsubisni Elec 577 574 

MltSutMU HOv 670 665 

Mitsubishi Carp 1280 1380 
MHsul Bid CO 719 731 

Mlfsukasht tOO 840 

Mllwjml 1920 1935 

NEC . 982 971 

NGK Insutatars I CTO 1 J7C 
NHtko Securities 1240 1220 
NWia! Kaecku 714 715 

racoon Oil 775 TIB 

Ntaoon Steel 323 33 

Nipaen Vusen 619 08 

Nissan 768 775 

Nomura Sec 7i» 29« 

NTT 8830a BSSOe 

Otrrnous Dotted 1«£ 1343 

Ptoneer 273 2880 

Rican 771 7 bs 

tontoEIK 444 443 

5OTP 1600 1590 

SMmani 665 uo 

Sdnetsu CTiem 1875 1830 

Sony 5860 5873 

Sumitomo Bk 7230 7172 

Sumitomo Otem 437 441 

, Sum I Marine 905 900 

Sumitomo Meta 238 37 

Toilet Cera on m 

1 TbISip Marine 627 JJi 

Tabfda Chern 1230 126S 

TDK 395G 3950 

Tallin 44! 441 

Tokyo Marine 1270 1260 

Tokyo Elec PVr 3250 JOB 

Tepoan Printing 1320 1329 

Tartly Ind. 645 43S 

Toshiba TOC 698 

Tavota 1850 1870 

ramaiaii Sec see 775 

a: jr tea 


1210 12W 
320 31 J 

600 600 
6290 6329 


719 7J1 

BSD 840 
1920 ivjg 
983 971 


29K 2880 
771 70S 

446 443 

1600 1590 
665 UO 
1879 1830 
3860 5873 
2240 2IT3 


238 37 

on 664 

rat sis 

1230 1268 
39JE 3*50 
44! 44! 

1270 1268 


645 43S 1 

TOO 698 
1850 1870 { 
SX 773 / 


Can Tire A 
Contor 

CCL ind B 
Clneptes 
com inca 
Contrast Expt 
Denison Min B 
Dickenson Min A 
Dolasca 
DvIexA 

Ecna Bay Mines 
Eauity silver A 
FCAIntl 
FkdtndA 
Fletcher Owl l A 
FPI 
Gentra 
GoldCorp 
GsrtlCde Res 
Hees inH 
HemtoGM Mines 
HoOinger 


l a hi ai o. ptpe 
J Onno ck 
Looatt _ 

LobiawCo 

Mackenzie .... 

Magna int! A <7 

Maritime 3H 

Mark Res 

MocLean Hunter 13*t 
Motsoo A 77 

Noma Ind A 7V» 

Norondo Use 26 

Nor on do Foreil 
Noran Energy 
ttnern Telecom 
Nava Cera 
Oshcwo 
PacortnA 
Placer Dame 
Paco Petroteum 
TWA Carp 
Rev rooc 


Rcval Bank Can 
Sceatre Ret 
ScorrnHatti 

Sea gram 
Sears Con 
SOT I Can 

SnerriTt Gordon 
SHL SysJetnbse 
S ei d tom 
Spar Aerospace 
Sfr>r-»~ A 
Toi -tman Energ 
TeckB 

TtoTOonNewi 
. oronto Damn 
Torsfcjr B 
Transalta Util 
TransCdo Pipe 
Triton FW A 
Trimoc 
7mecA_ 
Unteora Energy 


Grains 

WHEAT (CBOT) SOTBvBrtram-dWanMr 
194V, 100 More* 172 139 Vl 3711% 

372 100 May 94 349 154V. lit 

156 IN JOIN 136 139%, USVi 

XT’* 102 SeP*4 1361% xw 33691 

I 3A5 3JJ9 Dec 94 146V, 14716 X64 

327 111 JUI9S 

Est.sOTs 17.500 Ttw-ASOTs SUM 
Thu’s Oden imSIMr OS 3M7 
Wt«AT OCBOT) vOBOevRWWnwOTwsew 
192 1*1 MCT9I X7W* 3JJVi 34* V, 

179W 276 MOyMUTA 155V 151V, 

US 197 All *4 un 138 3331% 

I 355% 3SMS9PM 336 339 336 

160 1T29iD#c 94 3d% 3 AN. 1A3 

3 SJW 332 Mcr 95 

EsLHtos NA. 71*/ V OTa 14402 
Wsoomkd 34847 rf! 12 
CORN K30T) urainMnra-OTtwN 
31P6 332 16 Mar 94 2.9SK 2JTA 374*6 

314V6 2J8NMayM38Z 3®V% 279N 
116V| 141 «k 103 IDS 381 

272 ‘6 140 V, Sen 94 282 A, 2X5 2J1to 

27316 236 Vi Dec 94 166 24F4 28TA 

TJTh ZSFhUcrVS 271-4 2749, 271 

232 273*6 MOV TS 276 271 275 

23JV, 27*16 Jul 94 ITT/. 279 275 

2®V| 2® Dec 95 1341% 135ft 134ft 

ESI. toes 41000 Thu*s.ton 71*S2 
T7w*«toennr 303*7 off 6IJ7 
SOYVEAtG Kaon uesau i Twnn w tow n 
7® SJffMMarW 671 4981% 4I9ft 

771 372ft May 94 704 7JJ4ft 676 

J® 374ft JUI 94 783ft 704ft c.9SV% 

735 628 AugN 4*3 696 678 

6Jfft 417 See 94 dJift 472ft 644ft 1 

777ft 575ft Nftr 34 491 434ft 648ft . 

670 411ft Jtoi 35 4S 4511% 456 < 

672ft 642 Mtr95 660 663 &®ft 

673 &42ftJul9S 6® 673 49 

iJOft SJlftNOvtS 677 42* 427 

Esl sales 52400 TtaTs-toes 6*31* 
Thu-in penW UC 37a_gff 250i 
SOYBEAN MEAL (CBOT1 Iww— Mnw 
ZI7JB 1S530MW94 19170 133J0 19150 

23282 ESUDMOVM WlAl 19670 tfSJO 

23000 191308834 136*1 137® 19620 

22300 17150 Auu 94 195D0 19610 19500 

21000 t9150Jea« 19600 17630 17100 

20600 T71®Oct94 191® IT230 W40 

309® SABDecU 197® 797-59 79 020 

20000 172J0 Jan *5 19133 191® 190® ' 

Ed. toes 16000 Tiuviaw K7W 
TTw-iapwiinr 8*336 up 2347 
SOYVRANOn. (CBOT1 464B0 M-dPMoe 18 
3075 21.13 Mer 94 2970 29® 2975 

30*5 21®Meyf4 29® 7SS0 29.10 

23® 21 75 JUI 94 26 tS 2905 2660 

8® 2145Auo34 2175 2B75 2425 


376 + 084 23764 

373 +0X3 8379 

un* vasavi 16560 

339ft +0X3 2X36 

147 +8021% 2723 

xa *(un s 


174ft +005 14555 

17* +402 4421 

137 +0JEft 4780 
3-3* + 402ft 1,9*1 

XCft+QOZft 1,130 
345ft +ttJDft 


277ft 117,626 

3X3 +400* 86525 
IWft +0X1 77708 

2X5 + 401ft 16545 

248ft + 482ft 41X78 
274ft +4021% 2X62 
2J1 +QX3ft 252 
UV* +401 ft 511 
255ft +401 31 


691ft— 0X4 79X68 

699ft— OB4 ft 39X74 
7XOft-OX2ft J4J81 
4*3 -0JD 5X0* 
647ft— 0X2 3XW 
tX9ft_0JJ0ft 15372 
454ft 35) 

6»v,-axoft ao 
453 -0X1 208 

423 +402 823 


1M® +4® 3*X2S 

1*5® -4® T7A34 
136® +4® 15X0 
1*4® +498 4*11 
193® -410 33*1 
191® — 0® 2XM 
U0® -0® 6675 
1*4® -4® 103 


29® -4334X0 


Zurich 


Toronto 


ASIc Infl B 2J7 334 

Atautese b new 630 638 
BBC Bn+n Bov g m 1136 

csh^5s B b m nJ 

I5SST" S3 S3 

miereoamtB 248 S 2S00 

Jetrnoll B 930 930 

Lendls G»r R 956 930 

Lea Mid B 770 75s 

Moevenstek B 462 46) 

Nestle P |S rS 

Oerllk. Buehrte B 1«137® 

isafr* 05 

jmiryflera 7800 7900 

5** tt * r 1 £C _ 991 925 

ferve* ‘ tenor B »es 2375 

Softs Retmur R hi M 

Swnsotr fi &S5 160 

OBJ B I445 UU 

WWertnur B 860 865 

Zurich AaiB 15M Is® 

SLSSViSBP 


2640 2S7BMcr *5 
1 Est. toes 26000 TtortMes ZL573 
j -muftawnlnt 97,945 off 34C 

Livestock 

CATTUB (04fR) 

7 LSI T430F3D34 an 7X47 73X7 

STS 73® Apr 94 7575 741? 7SX5 

74X5 nxsx>l9* 7618 7635 76BS 

73X7 74206*10*4 71® 7115 72X7 

73X2 71X70394 73X0 7115 7300 

74JB 72X5 Dec 94 7175 7605 73X5 

762* 7300 Feb VS 74X0 7A0D 7380 

Est. Me* 9®6 Tiki's, toes 13.13* 

TTcTs opened 9USI dt 1TO 
PLKMdU CXTTLS (CMB1) JBXCBbL- cw*i ■ 
14*0 7*.*0Jani* nX0 IJJO 3372 

85X5 79 JSMb-34 51X5 8!® 5!® 

*SJ» 7*® Apr 94 8450 0480 8L5D 

84® WX5MOT94 80X0 ®® EU8 

83® 79X5 An 34 PXS 11X5 II® 

81® 73.5034034 HJM II® 81.13 

1400 77® NOV 94 BITS 51® 8175 

11.10 *f®0d<S BUS R90 KUS 

Est- toes 4387 Thu's. sd«s USD 
TtarsaPOtM 12X97 UP 45 
1*065 IOU9U I e®*5-<»h»irk 
51X5 40J0F*D96 47X5 47.35 47® 

49® 3*X76prS4 «xs 49® 48X5 

5662 442* A»1 34 S610 *6X5 *60 

3605 (USJ8M S3® 3173 SU0 

SL 90 4435 Aug M SUO 5127 52X0 

4*7 S <1400094 4470 0.95 «® 

SO® 6U0O9CW **5 3937 «® 

SB® 4l®Febt5 

®J0 40® Aar 93 

Eatots 67» Ttv'v sales 6®5 
T to-StofflM 3JJC UP C3 

80*0 3M0AOTM 5610 34CS 55.10 

61® 40J0MOV3* 5460 STJ0 5633 

83® HJOJdf* 569S 57® 5675 

S3® 42X0*00** 56® SSJ? SU5 

UMB 1®B TTs/s. toes 2.907 
TIu'llseiH 10X77 off 277 


a® 

29.10 

33JB 

-026 21X01 

29ia 

a® 

3464 

—010 1419* 

38® 

2425 

28® 

-43» 

17 AS 

Z7J6 

27.75 

-0® 4X62 

2693 

2640 

2478 

2X41 

aus 

«JU 

3617 

t0M 1688 

36® 

2S70 

25X5 

2545 

•023 323 

♦US 1 


•U3 2UB 

+0X7 27®0 
+4® 18X52 
+a® 10x20 
+0® L5*7 
+073 UO 
*415 S27 


♦ CUB L814 
-465 5JO 
♦0® 13tf 
*0® 1XU 
+032 1®* 
+0® 1® 
-4® » 

+BJ> R 


an +a® 7,10 
4»J7 +459 UA58 

54J5 +4S 6946 

S4V >430 IXB 

52.17 +0® 1.90 

4077 *115 IJg 

ms. +417 no 
HJ5 +84B 121 

40 m -405 n 


SU2 *4® RU 
50X7 +4« 2JC 

5612 .417 2®0 

57.15 *401 UU 

an «OJ0 IN 


14® KL57MW9S 

14® KLBJUt® 

18® 1457 Od 35 1478 10J» 1078 

Est toCS 4988 ThU-6 to*6 14X63 

Thu-iopanW 109,186 I® 87S 

COCOA (NCSB) lernwri e ian— spwwa 

1495 353 M0-M T115 1132 

1361 978 May *4 1152 11*4 1148 

1366 999 Jill 94 1184 11® 1177 

1377 102DS4P94 mo 1H5 1201 

13® 1041 Dec 94 1233 1242 ma 

13*2 1B/7MCT-W 

IniMarfS 
l®7 l®Jul*5 

1350 t3»S*P® . . 

E». ton 1*21 Ttirt. sales 12X41 
Thu-jownW 38X22 off 6*3 
OUMGEJUKZ (74C7N) luns^artlM 
134.25 UJBMcrN 110-20 1)1® 106JSJ 

13600 WXBMavW 11270 11350 11U» 

13100 10X50 -M 94 1USD 1U® 113® 

134-30 KSJBSepW 

m» lOBJMNpy® 

moo 103-SDJrt 95 lit® 11U0 11480 
H623 1Q6Q0Mv*5 

_ Mavtt 

Ed. tors 1x00 TtrTs. toes 1X83 
Ttotopenw 16X18 Off 373 

Metals 

M GRADE COFFER (NOttX) ftOTM^ap* 

1&4® 7X55 JCSS 9* IMS tUO S6SS 

107® 7XOOMTO® 8610 8623 8615 

8*70 74-50 Aar 94 B62J 85J5 8625 

10X20 TXWMCrM 8600 8603 8610 

89® *4WJrtW 86® B® 1630 

W2.T3 7420 All 94 I62D 1623 8620 

IBUD 74.WS4P94 8620 5620 8640 

lot® 7673 Dec *4 86® 86® 8428 

II® 76® Jan 95 

99X0 JXOOF*t)93 8415 8620 162$ 

II® 4270 Mv 93 86® 86® 86® 

I6«0 7683MTO93 VXC OJO 37J0 

87® 7600X8® 

8680 75J0AM9S 86® 86® 8670 

86® 77.10 Sep® 

87. HI 76200c* 93 

87® nTStJew® 

Est. seta 4200 TtartsOTs 41® 
Ttiu'sooenW 64®! off H&1 
8E.VOT OfCNCO swtw— w a t eta n 
5*60 3(45 Jan 34 

53X0 «6flP=eb« 

5565 MLS Mar 94 5145 S 65 StlJ 

5363 371 JMcyt* 3260 S2L0 5160 

5660 37X0 AH 94 5260 33X0 5160 

561 J 3765S8PM 3160 3160 3360 

37X0 MODOC** 3360 33*0 5274) 

MUJ eliJn 93 50-3 $423 5CJ 

37X0 41 65 Mar *S 5360 5460 5365 

5360 au«ort! 

960 taOJBttS SS48 SSOUD 5SB0 

9U 4088*0*5 

577 J D*JJDec98 

ESLeeta T7®0 Ttu-iOTes 20784 

Thu's Open W 11X120 Off 724 

PLATWUM OMR] krais- Mlem rw 

427® 33600 Jos 94 

<28® K®AprM 20® W® *490 

aua ^®JU« 389® 3stM 38X00 

®S® 3*6®OcJ*4 38650 389® ®7® 

«7® 374® Jan 93 389® 389® 388® 

®7® »7®AArn 

EC- toes 9LA. THi’s.SCta X992 
TTsTsepenM 11X74 off 121 
GOLD 04CM3Q W»Prwa..<SPwso«rr»rai. 
392® to® Jan *4 3800 to® 38630 

41620 to® Fed *4 38600 386® 301® 

19430 303® MOT *4 3K® to® to® 

<U® 11620 Aor 91 to® M4M to® 

<17® »®JaaM 319® 790® 38630 

<16® 3n® AuaM 391® 293® 391® 

ease siamorv* 

«45> IGUC Dec 9* 2*409 397® 391® 


Low am a® OpM 

1471 —oja 111 

1071 -<un . a 

1078 1071 -0® 121 


Season Season 


aeon mi lot aoso o* OcM 


. +17 29,174 
+15 174*7 
+17 11496 
+15 tan 
+13 MB4 
*13 WD7 

*0 gw 

+t) 3449 
+13 40 


—070 11467 
-053 2471 
-4H 1,123 
-4S 738 

— 455 3U 


15® — 1.18 121 

CUS -493 36336 
8633 —MB 
8633 -093 9465 
S3® -485 
8663 -475 5472 
S5SO -030 KM 
SAX -0® 3,129 
M® —0X5 76 

8360 — 093 1,144 
86® —a® van 


17® — 0J5 
6603 -055 111 

8420 -458 147 


—154 4 

—163 

— 143 71X38 

— 154 14933 
— 1U 9.176 
—153 2X9 
-U3 7499 

— 154 
-163 
—163 
— 163 
-343 


95® 9044 Mar 93 943 9657 *651 95® -042W6X67 

36® 9071 JunM *S» *631 362f SUE -BJJU49M? 

*6® 91 -31 SOP 95 95® 9111 93® 36® -481124493 

3631 VLKOCC3S *4® 9*81 9621 *479 -401 30X29 

Bc-tata NA. 7tart.UH 7*4038 
Tlsrsaptnee 2 J3BJ51 UP S49B 
BRITISH POlOTJ ICMBR) IMrmn-1MM«gumaan 
1®M lXmiUirM 1X922 1X97« 1X864 1X572 —36 43,171 

15150 1X300 An 94 1X812 1X910 1x800 1X804 —® 1,014 

1XTO0 1XM05IP36 . 1X730 -42 11 

1XT0 1X520 Dec *4 1X714 -64 10 

Bd-safei 10X00 -nkrtSEta 13X79 
ThtiamM 4C2M im 92 

CANADUNDOLLAR KMSR) SRtrMr-lHMaaurtlWta 
05712 07304 Mrr 94 07619 02826 07602 07621 —3 25X33 

0JSB 07365 Jun 94 07405 07818 67400 07615 -3 1X61 

07740 073«sp>*4 67415 02615 07*15 87611 -3 5M 

47®D A^MDOCM vsn 07409 021*3 07407 -8 3M 

07805 07376 Mar 93 07(08 —3 388 

softs 4391 Tim's, sales 4X37 
Thu's open W 28772 op a 


0X203 tWMeN 45730 05741 05681 05483 

tt3ni unT 0Jsm «“ 

64065 05611 Sep 94 03427 

O570B 0-5*6O*c94 05687 05647 05417 05614 

^.mlas am Ws-sase* 30971 
TOTsapinlnt 140988 off 2139 

SvnSFHAMC (CM0Q 1 rT l mnr 1 imitin H ii in fTW Il 
(I7m (LiSOQ MarM OxSUO OJMQ (U0U&MB 

SSS s®s 

07080 06600Sap*4 *6807 

a»- sates 2Z772 TTBrt.OTa 23X61 

IWHNnW 347*7 Up M 


— CI41AS3 
—49 7X31 
— 50 265 

—51 39 


-27 94444 
-15 6370 
—13 m 


-52 3405 
—51 553 


AMffBI Price T*ft 16*3 

AgntcoEcaia lift 16ft 

Air Canada 5ft 5ft | 

Alberto Energy 19ft T9ft 

Am Bantck Res 37ft 3ft. 

BCE 47 47ft 

Bk Nava Scotia 32 l!ft 

BC Gas IM 14ft 

SC Ttfteom 25 toft 

BF Realty Hts NO IM 

Sramatea 0*3 0X4 

Brunswiek * ift 

g Ag. *5 

Cmndev 5ft Tft 

ClBC 35ft 35ft 

Congdign PacJfte 22'-. 22— 

Can Packers 13 12ft 


47 47ft 
. 32 Eft 
16ft lfift 
25 toft 


» 8ft 

5ft r% 

Wft 35ft 


IQOUBBEflDHS 

tjCgATBBWlI 

ffs never been easier 
to subscribe and save. 
Just cdl toll-free: 

0800895965 


ec wen 

61 70 MET 94 7495 re* n® 7621 -4U03L74? 

6323 AW 34 7674 77X3 75® 7430 -Mi 13X0 

66*0X49* TWO 78® 77* 77* -US 419 

68® Sop 91 79* 8020 71® 74® -0X5 UB 

77.10DK* nxs uto K® »a® -aos t ®* 

74*0 Mar « SLOB C® r.» 81* -040 70* 

82® May 93 81® — UO 38 

3 11.34) 71111*1, u*K 15X80 
an hff 54618 0ff_3U 


-6® ni 

—4*34010 

417® »®JeaM 38000 J90X0 36U0 to® —6® 24013 

4UX0 341® AoO 94 331* 39U0 391® to® -630 4J87 

417.00 366000094 38* .70 — tw X2M 

<28® 34300 DecM 3MM to® 39120 39170 -6M 12JQ5 

411® 16150 Feb 95 393® M® 396® 33620 -630 1JX5 

417® 388® Apr 95 393® 393® 333® 38450 -4® 2x»2 

*24® MUOJenfS ta® —*3n 

812® to® AW 9} 

40® «K2DOO*3 
42040 40450 DOC95 

EsL sates SOXOO Tftrt.«taja3rt 

TOTS CPWl hit VkLSia off 4282 

Financial 

(BT.HJLS HMD 

94*4 341 IMS' 94 36*4 36® 3452 +493 23,981 

9478 3414X81 *6 34® 9489 9487 Hit +6X1 4223 

9446 940U0P94 96X1 *6X2 3439 96X0 -a® 2XN 

9418 9403DK9* HU 

EH. sates NA. TOT*, sates 1X38 | 

TOTs open W HM m 145 

5YR.TRSA50BT K3K3T) UtOMtiteMBautMH 

115- 0SS11EM2 MarMin-dfi U2-C 111-28 1H-»- OS IH697 

112- 03 103-24 JUA9411M8 lTl-ll 111-035 11M6- 023 4778 

110-09 IIP® Sap 94 TW-V6— 025 1 

Est . sta 22X00 TOTl sates V3B 
TOTsaPOnM »3X 74 UP *9 

M Y1L TXEASURT (CBOT) 3100X80 OT-ete A BtaOl 10980 

116- 09 too® Mar 94114-09 114-06 ltt-M 113JB— 04 232X46 

115- 21 108- 14 Jun *4113-10 1U-W TO-31 1TM3— 03 - 17,155 

113- 01 IU+1I Sa>9« 112-T1- W 3*4 

116- 21 HM9 Doc 94 111-23— -tH 72 

111® W9-0? Mar 93 rn-S— 03 I 

e»L sates mm itaa te m m 

TWsOPwW 270X58 Off 3B0 

U5 TREASURY BONDS (CBOT) BxMM4»tk8MM(Mral 
12M1 30-08 Mar *4176-15 IH-31 IH-W 116-07— 03 JBJ J7 

113-29 rt-OS Jrt 94 115-12 US® 11400 115-04— 08 17X0 

IT*- 28 90-n OT91 1M-14 114-19 IH«( 1U-W- 08 7X577 

118-08 91-19 Dac; *4 114-04 IU® HV22 nj-H- N 17X02 

116-20 UB-00 Maria W»- W 68 

IIS-89 *0-15 JunM 1JJ-0X— K .56 

717-15 io*-oo Stare • 11M1-.W a 

ll>14 108-25 Dec 33 ItMl- 10 . 7 

estates 220 TOT43M* 580X70 
wimiM 388X31 up jam 
MUMORALBOMDE (CBOT? ROSteX a te a — A tateMMMO 
10542 *3-22 Mir 94103-17 101-25 WKn »>lt * O . 28X89 


Industrials 

COTTONS (NCXIO Atehi-taiwk. 
77® S®AAar34 7725 77SO 7125 

2-£'!! l ?L M P- 11 73 - 7V 73-71 

7420 SUOJuite 7xio 74X4 74® 

as aggi*- -» « 

Kioto BUBO TYt/'t. antes 12 
Trv'itiJtnW 

60-30 4175 Mar 9* 

5325 SSJOArrM 

S® 41® Mur 34 
a® 43xjjuns4 

am 44® jui *4 

S5-S0 4SJJAUU94 

S7.T7 4640 State 

g® 4770OB34 

W0 - 41® Nor 34 

59® 49X5 Dec 94 

are 4125 Jen 95 

jaw sttsFftots 

55® 49®A^W 

SSSSSST 

s iiffir ss !is ss 

a iisa-M ns ss ss 

are lire oS 94 IIS ure US 

U ns ns H 

17* 16X3 Jon 95 usa TA— usi 

*2 lire IS 

wa 16X6 iS 16® 

4 KKKH 

lUO U82AUU9I 

VJm ™ 

ST|s^S%rgs-' 

g g g 

2S 040 ™ 

54.00 4620 S^M 

EjtN ta NA. Tlkrt.n86| 14(97 

•totfsmmln man »iun 


TIM +0.18 21X38 
73X5 +009 24034 

74X7 aft® 2® S 
7U2 -C3S 1X54 
0® —040 4121 
78® —0X0 
703* —451 S 
70x1 -as 


+057 37®! 
♦6.17 42X97 
+0X8 29X44 
+0X1 34544 
+408 22.111 
+0X6 15X39 

+U1 un 

+0X1 sxc 
+0X1 3X99 
+0X1 2XW 
+051 4X91 
+451 1,141 

+0X1 234 

+0X1 

+(un 

+0X1 

+0X1 


uST^uinares 

15X4 -0X1 47756 
15.11 245B 

is® sum 

15 M +0X1 71X02 
15® +0X1 Sffi 

1576 +0X2 UX57 

15® *0X2 9,975 

1402 +0JB 9,170 
16U +0(0 19,143 

1426 *4X9 U« 

1439 +m.vn 

1451 +052 44® 

16X2 +0X4 MB 

147D +004 2®8 

1420 * 0X4 17*3 

1410 +0X4 SD 

UN 

17 JH +OA4 &MI 
TTJ S *8X5 


4ZM tlWSXM 
42® +0.13 3279* 

45X6 —0X1 30,131 
46® —0X2 30769 

47X3 -IUB 114» 
47® -0X2 L565 
CA) —0X2 1611 
47® —402 LS38 


Stock Indexes 



S® aSS 

TOTsOPtakfl 4*V» 1 ’ 4 * 1 


C270 — 1® WLW2 


are® -u» 4®9 
to® — l® C9 
269® -3® « 

266® _1J» 45 



493 Mgr W 

tore 

1043 

tan 

10.13 

♦OX8 SUM 

Eun 


I® May ** 

1077 


1072 

mre 

38®3 

*6X5 



1013 

1014 

1072 

ton 

-OB 13X75 

9675 


3.000*4 

1078 

U* 

12® 

KL4f 

-08511)34 

3624 

11® 

9 17M® 95 

1074 

1076 

1074 

ion 

-ore vat 

98X1 


10542 9422 Me 9C0J-I7 KO-25 WKn 109-19 + 03 . 38*9 

WKI7NMB JWMKB-Jj 567-2* 503-17 BB-K+ .03 - m 

etstas 3X00 TOTv sates 1545 

TOTtOWlH 24212 ta 508 

R M riXXll | MO (QUO N u A Aim ateqtWIOT- 

*645 9B®JHerf4 91® 9646 9463 9664 ■ 

0625 9C®Jun*4 96X6 96® *4B MS - WX22 

96® 9098 StaM 9497 34® «603 96W '-MW® 

98X1 9071 DOC 94 9120 9577 *165 *5X4 -U3SU36 


Co *n , no<sty ingiaies “ 

SSSS h& K 5 

DJ. Fufwea +E-® 

CWLftoeordi um 

22528 ftteta 


"'IF 


I 

i , { U i 


n;z-r , ‘ * 



i : -* 






\^S4> 



international herald 


tribune, SATURDAY -SUNDAY, JANUARY 22-23, 199* 


Page 11 

EUROPE 


« k 3C 



BAT to Cut 

at U.S. 


U.S. Firms 
Talk With 





Ul 





BA’s North Pacific Route 

ANA Is Reported to Suggest Alliance 

- ... DA In Eurooe. Mr. Cunningham umnLETOWN. C 


Investor’s Europe 


m - ' •••• ' 


Compiled by Ow Shift From Dispatches 

LONDON — BAT Industries 
PLC said Friday it was catting 70G. 

. . jobs and taking a charge of £45 
. . million ($67.45 millioii) as part of a 

reorganization of Brown & Wil- 
liamson Tobacco Corp n a tobaoco 
unit based in Louisvfllc, Kentucky. 

*,*, AttaU Faults 

A p Shameless 9 Set 
Of Bureaucrats 

The Associated Pros 

- c PARIS — Jacques Attafi blames 
- - .•*■. “ idiamrie sfiT bureaucrats with driv- 
T ‘ , ing him to resign last year as presi- 
dent of the European Bank of Re- 
construction and Development. 

, . In a new book, ‘Ttht^sV’ he 

1 *, !■■ relates his account of his brio but 


K. I - • 


Stormy suwarosuiy u* uu. 
London-based bank. Mr. Attali re- 
signed last July after press reports 
revealed he had spent more on an 
travel, parties and refurbishing the 
bank’s headquarters than on the 
developing economies of Easton 
Europe, the bank's main mission. 

“Doubtless, I made mistakes, 
be concedes. But he takes to task, 
bark bureaucrats whom be de- 
scribed as “«=h»rnd ess” and BDea 
with “a great desire to destroy.” 

He implies that what key want- 
ed to destroy was his reputation 
and, he adds, “the press was noth- 
ing other than their loudspeaker. 


The moves are the latest in a 
-series of measures taken to mam- 
tain Brown & Williamsons com- 
petitive position in the U.S. domes- 
tic market, BAT said. 

It said it expected the charge to 
be paid back within two years 
•ihrough the increased promabm- 
ty” of Brown ft WffliamSOT- 
• ‘Hie reorganization of Brown Sc. 
WaGamson, which makes and mar- 
kets Kod, Barclay and C^ribsand 

cigarettes for the-U-S. market, fm- 
. lowed a review of 
that took place last fan. Brown & 
■WiDiamsQn said that mo st of the 
program is expected to be complet- 
ed by the end <rf the Bitt quarter of 

.1994; 

The number of employees at 
Brown & WfflkmsonV Louisyffle 
headquarters will be reduced by A) 
percent, while its national sales 
force will be reduced by 25 percent. 

In addition, direct commimica- 
tions for the sales force wui be 
improved by reducing the number 
of sales areas, and salesmen m the 

field wffl be given more autonomy, 
accountabffityjmd sales masntnK. 

. grown & WIffiamsan has said 
that foreign sales of its Kent and 
Locky Strike brands, which are 
made under license for the interna- 
tional market, woe strong m Japan 
and the Far East. 

International sales account for 

about 50 percent of Brown& Wfl- 
tiamsotfs total revenue, whu*m 
1992 totaled $3.86 bflBon, op from 
^biffionay^^^ 


. AFP'Exid News 
LONDON — British Airways 
PLC is expected to suo^hen its 

international alliances by seck- 
ing a partner in the North Pacific 
to complement its investment m 
Qantas Airways Ltd, and by 
gradually increasing its involve- r 
Sent in USAir Group lire, ana- r 

l5f TTwy said that BA, responding 
to increased worldwide competi- 
tion, was also expected to 
strengthen its partnerships in 
Europe. . 

Speculation about BA s plans 
far future partnerships has in- 
creased recently. Industry 
sources say the company has 
been approached as often as 
once a week by other airlines. 

They said attention was fo- 
cused on a possible partner in the 
North Pacific after AD Nrppcn 

Airways Co. approached ka 

■ with proposals for ticket code- 
sharing agreements. 

When asked about posable 
fink-ups, BA said it did not com- 
ment on such speculation. But 
last April, Sr CdUn Marshal 
BA’s chairman, said the 

was looking for a partner m/^a. 

Nick Cunningham, Soaete 
G&n&ale Strauss Turnbulls 
transportation analyst, said it 
was “quite possible that BA vnll 
make a deal with ANA on code- 
sharing," But he said be would 
be surprised if any fink between 
the two went beyond that 
He said BA was likely to 1«* 

fra- a partner in the North Pacific 

region asit already has good av- 
erage of the South Pacific 
through its link with Qantas. 


It wield be logical for BA to 
look fw a partner in Japan. Mr- 
Cunningham said, because this 
would open a further market for 
the company and “fill m a gap m 
its global network.” 

Another iranspoitauon ana- 
lyst, who declined to be identi- 
fied, said a Japa nese partner 

The British 
carrier is also 
looking to 
strengthen its link 
with USAir. 

would complement the ihnk with 
Qantas, which he called BA s 
most promising fiance. 

But a North Pacific partner- 
ship is likely to be limited to a 
marketing agreement, as B Al- 
ready has equity stakes m four 
airlines, the analyst said. 

Mr. Cunningham said there 
was also great potential For a 
partnership in China, where 
small airlin es abound and me 
market is rapidly expanding- He 
said these airlines would benefit 
greatly from a link with an air- 
line in the West. . 

He said, however, that taking 
an equity stake in a Chinese air- 
line is a problem. 

Ian Rennardson, Y amaichi In- 
ternational (Europe) Ltd. s 
transportation analyst, aid Chi- 
na's infrastructure would have to 
be “up to scratch technically to 

attract BA, but he added there is 
“huge potential” there. 


In Europe. Mr. Cunningham 
said the greatest potential for BA 
lies in France and Germany, 
where alliance partners are TAT 
Airlines and Deutsche BA. 

In Russia, politics are delaying 
BA’s proposed Air Russia pro- 
ject with Aeroflot. 

Analysts said BA’s strategy for 
future partnerships will depend 
greatly on the performance of 
USAir, in which BA has a *A.b 
percent stake. . 

Mr. Cunningham said the is- 
sue with USAir was whether BA 
will be able to make “decent 
profits" in the face of “very 
tough" competition in America. 

Usl week, USAir announced 
a new strategy focused on low- 
cost, short-haul services, which 
are designed to fight back 
against low-cost competitors 
that have moved into USAir s 
East Coast market. 

Analysts said an increase in 
BA’s stake to just under 50 per- 
cent and in management involve- 
ment may also help to improve 
USAir’s performance. 

Last summer. Mr. Marshall 
said the company would like to 
increase its stake in USAir to 32 
percent, then to 41 percent. 

The U5- government on Jan. 7 
announced plans to raise the limit 
on foreign ownership of domestic 
airlines to 49 percent of the voting 
stock, from 25 percent. 

Mr. Cunningham said lhai if 
BA does increase its stake in 
USAir, U will improve the pros- 
pects for the alliance, although it 
remains “the most risky pan ol 
BA's portfolio.” 


The Aaoaated Press 
MIDDLETOWN. Comiecticul 
— Pratt & Whitney and Rockwell 

International Corp. are negohatim 

a deal with the Russian aucrart 
manufacturer Ilyushin to help pro- 
duce the 1L-96M jetliner, officials 

said Friday. lie 

It would be the first ome US- 
aerospace technology bad been 
used in a Russian-made aircran, 
U.S. government and company of- 
ficials said. .. . . r 

Pratt & Whitney, a division oi 
United Technologies Corp, would 
provide the jet engmesforthe VLr 
96 M, a four-engine wi de-body ret 
liner that carries more than 300 
people. Rockwell, based in Seal 
Eh. California, would provide 
the avionics, or electronic systems 

f °Tbe Trade and Develop- 
ment Agencv said it would pay $1 
million for two feasibility stmhes 
on melding the U3. 
with the Russian aircrait rrames. 

U S officials said they hope that 
Pratt and Rockwell will be able to 
sign a contract with Dynfhm m 
Moscow within a month. They said 
the project could mvofre ihejretial 
purchase or 20 jetliners bv Aeroflot 
Russian International Airlines and 
eventually create about SI billion 

in U.S. exports. . 

The dwai would be a major boost 
for Pratt, which has cut thousands 
of jobs over the past two years 
because of the decline m U.S. mih- 
tarv spending and the slump in the 
commercial aviation industry. 

The venture was annotmeedby 
U.S. government officials at Pratt 
& Whitney’s jet engine plant in 
Middletown. 



• l&torV. 



• AS ° “.ret* • : ; • . V1984 ~ 


Friday, « 


itots terdaro ADt" .. 

■, .Stock 




ftanKurt •j-.-.PA* 



-sturl 


Frankfurt/- "ffiZ 

H^ahYks Fix 


798.41 

.1.855J90 


816.48- ; 






London., a 

J - H i mi m 


Madrid ’■ 


Frseioo. 

Ggnordtodox^ 


341104 





^.4 




■a® 


* 

1* 


LVMH to Focus 
On Core Fields 

Bloomberg Business News 
' PARIS — The Frencb luxu- 
ry goods maker LVMH MoK 
Hennessy Lores Vuitton SA 

said Friday it intended to con- 
centrate an its core businesses 
and would not^ widen its media 
activities. 

The company said it was 
“absolutely out of the ques- 
tion” that it would commit it- 
self to the press beyond its 
“very touted investment in La 
Tribune and Investir.” 

It said sales rose 10 percent, 
to 23.8 billion French francs 
($4.02 MHon), in 1993. 


IDwomuas, j thfOU gD US DUX W1U1 ■ — 1 

GumtlMch Pension Fund 

Rouen years of lobbying m The H S^£?£baric on debt, with over 80 percem of assets in Mr dismissed analysts' fears that 

crco, TO Ndhedands H® Duldl ABP ^ 


Boom 

HEERLEN, Netheriands — The Dutch 
pension fund ABP. ^ worid ss^ tagr 
^has a problem that others would be 

pl Because of a recent dian^ in 

rmitinn) it receives every d^ u t ^cst- ^ ^lis means nujja readjustments with 
molt income and contributions from Dutch implications for the markets, 

dvil servants. _ Based far from the &mnod lof 


B “S7mTfi^ wants to divers^ th^ to in investment pdicy. 

five years we expect to S” boost returns and hopes that over the next 10 .. -J .n knUinac nrnilM not fall from 

gofldtos a year in foreign equity, he sai equity and property 


will rise 


tally dian. 
and with 1 


mj. rryua "oum " — - 

the shape of ABFs portfolio, 

. J oDC*4c invost- 


:rcent ctfthe totaL . 

The move mirrors an international shift in 
favor of equity over debt 
Cash from U.S. institutions flooded Euro- 
pean stock markets last year, dnvmg bour^s 
fofocord levels as investors anticipated low- 
er interest rates and economic recovery. 

ABP has a conservative approach to share 
markets and will concentrate on mdex- 
Stdied funds, buying ^ 

big companies in proportion to their wagm 
- — m the stock market s index. 


Mr rnins — 

ABP will reduce state bond holdings as a 
1115 in result of the changes in investment policy. 
^ IS Hesaid overall holdings would notfanfrom 
40 the current level of 23 billion gufldeis. He 
expects the entire debt portfolio to grow to 
^Sd 160 billion guilders by the year 2000 
from 135 billion now. . 

ABP has also won the freedom to deal in 

rvM1 . • r -tiiA rtuanc 



y Nil Wk.ru UW- 

currency options and interest rale 
which Mr. Frijns plans to use w reshape the 
risk-weighting of ns debt holdings. 

The fund’s arrival in this area promises to 
rive a welcome boost to guilder swaps and 
millions of dollars in fees fa banks, tnanvof 
which have already beaten a path to Mr. 
Frijns's door 


. West Germany s ffoss same as in the second and 

about 0.5 percent 0 1 percent in December from 

third fromDecember 1992. 

November and fell by the same margm . J993 ^ by o.7 

p— 

• Portugal is planning to restructure its steel rnousuY 
TSSictah AG said to accord tocM add, ics cmiito b»to 

toproducUon and sale 

• AEG AG said it had fotmed Sssian state railway. Peter 

division, said “this is a basis for a 

dum of understanding cable system joining 14 

Murdoch Man Shifts Jobs 

LONDON - Rreto sank an Argpn- 

rie. who as editor of The Sun made ta ^ Falklands War. 

the tabloid news^tper IMuforiu renowned Tw its 

Conservative bent and xcnop bobia!once told Jacquespe- 

ence, will become matu^nigdiraaor headline: “Up 

of British Sky Broadcasting Lto. 

another Rupert Mi^doch venture, MacKenae built rircu- 

the companies said Friday. larion. and tbe Sun now sells about 

Mr. Murdoch's News Sterna- ^ 

tional Ltd. owns The Sim and has a ' jj e be replaced by Stuart 
50 percent stake in BSkyB. HiEBns. 37, acting editor of Mr. 

In more than 12 years as Sun M News of the World, 

editor, Mr. MacKcnae, now 47, (Reuters, Bloomberg) 

apdogized to Queen Ebzabeth, paid 


German Public Workers 
Resist Bid to Freeze Pay 

-■_i: IT Anxi c 


Reuters 

FRANKFURT — A first round 
of German public sector wage talks 
ended Friday with governmen t em- 
ployers calling for a wage freeze 
and cuts in benefits, while the : ma- 
jor union remained adamant that i 
would not accept a zero percent 

^Both rides said no progress had 
been made in the talks and set a 
second round fa Feb. 10. 

Richard Klein, who leads negoti- 
ations fa Germany’s local coun- 
cils, said after the talks that em- 
ployers at the federal statc and 
local level were sucking to a call lor 

benefits to be reduod- 

Monika Wulf-Mathies, the 
union president who two years ago 
led Goman public-service workers 


into a crippling 11 ^ ay f s Sf’ £ 
sponded with a threat that the 
Son would use all the means al its 
disposal to oppose a deterioration 

0i The P union is seeking a 4 percent 
nay rise, which it .says Wm juh 
mean a wage cut m 
German inflation averaged 4-2 per- 
cent in 1993 and waken last year 
were awarded apaynseoT3per- 

^The union is this year for the first 
lime simultaneously negouaung 
wages fa the public sectors m both 
Eastern and Western Germany. 
The final deal will affect 3.5 milhon 
employees. . 

Wages in the pubbe sector m East- 
ern Germany are currently set at 80 
percent of West German levels. 


Boucheron Jewelers 
has designed for the 
American Hospital of Paris 
its well-known pierced medal 
using the monogram of 
the hospital. / 


Tired of being charged ft™ or/^e 
rimes US rates for international calls. 

Sick of hotels that add 
50% or more to every phone call. 

Fed up with telephone cred {{cards 
that add two or three dollars 
| v .A to every call? 

is$* "SBSsr 

«r^rts^ri'ss s “ u, “ 

«* y° u * name “ d e 

“ nnLts you to a U.S. dial tone giving you the 
“o"ws^hest quality digital fiber opbc serv.ee 
at the world’s lowest prices. 

KALLBACK direct 

Call: (1) 206-28A-8600 *« «;£***“ 

417 2nd Ave- Weil 


CURRENCY AND CAPILU MARKET SERnCES 


tpt.^829745 Far 071-382 VW/ 



FOREIGN EXCHANGE & GOLD 




Help! Which Vi 1 

SrS • Vhe' fl >obo. rt»^ogy invedment icrc-i 
‘ e Thousands do - wh^hc^yc^^ ^ 

™ ™ 1 <07 1 ,r ’ w> or 


For JUrtber details 


Rctart3fe^ bunf - 


To order this medal in vermeil sold for 
the benefit of the hospital, 
you may send 
for 1500 Francs ($260) 
made out the order of the 
American Hospital of Paris to: 

Madame Christiane Gueriain 


American Hospital of Paris 

63, boulevard Victor-Huff) 
92202 Neuilfy, FRANCE 

Please expect 2 weeks for delivery- 
For more information, catt 

( 1)46412590 


Pag« 12 


INTERNATIONAL HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 22-23, 1994 
















































































6-liS* 5 


INTERNATIONAL 


SATURPAY-SL^DAV. JAMiABY 23-23, 1994- 


Page 13 


to Asia lift 
Surplus to 


Giving the Chinese Credit 

Installment Plan Is a Hit for Singer 


Uunpuee oy uurfum ; . 

TOKYO —Japan’s mercbanffiso 
trade sinptos racreased by V? T*f- 
ceat to a record 5120.40 o3Hon m 
1993, fed by booming exports to 
Hong Kong, Taiwan* Sooth Korea 
and China, the Finance Mmstty 
said on Friday. . 

The surplus, which seeded the. 
previous marie of $H) 6 - 631 alBon m 
1992, induded a record $54 billion 
surplus with Asia, 28-8 P 6 * 10 6 ”* 
wider than the previous year. ^ it 
also induded a 550 balk® surplus 
with the United States, whuh. rep- 
resented growth of 152 per cent. 

Economists and "financial market 
t— _ ♦>«. trarte fiomes Ws«?M 


reversed a 22 percent dedine to 
$7.4 VniHftn in November. 

imports grew just 0.7 percent m 
dollar terms in December — econo- 
mists said kfw oQ prices were ode 
factor —dllKmgt they rose 4* per- 
cent in volume. Exports rose ' o-l 
percent in value to $32.74 buhon, 

bin Fefl 2.4 percent in volume. 
t- «:<i tk* diTrihu was 


BtombagMon 

riTTAvr*7HOU — When executives or smger 
Co. look 

12 billion potential consumer* iney 505 

r rTWTme m g director 


fcCOncamsis sail U» ouy**--/— 

still Kkdy to deefine m 1994, with a 
hoped-for domestic recovery m Ja- 

, *>j think die trend wifi be patty 
downward, but the enphasis is on 
the word ‘genriy,’ ” said Pe*« Mor- 
gan, dria economist at Memu 
Lynch Japan. 


analysis suu me uwue" " — 
stoke economic te nsion s betwxu 
the United States and Japan, and 
could put upward pressure cm the 

^Japan’s 1993 surplus with the 
European Union shrank by 15.6 
percent to $26 billion. 

Economists bad been saying m 
recent months that the growth m 
Japan’s external surpluses was near- 
lyexhausred, largplydne to toe 
strength of the yen, which makes the 
country’s experts more expensive. 

But the December surplus grew 
to $12.93 bfflion, not adjusted for 
seasonal variations, from a surpbis 
of Jl 1 20 bilfiori a year eariiet That 


V* **>« 
twice as fist as imports last yew, 
dunbing by 63 percent to - $361 ' 
WBion. Imports grew by 32 per- 
cent to $241 bflhom . . , 

A Fmance Ministry official said 

U was the first time that a full-year 

surplus with non-Commurust 
Asian countries exceeded the sur- 
plus with toe UmtedStates. 

seancondnctors, cars and steeL Im- 


(AFP. Reuters) 


IliUMU-b** “ ~ ** 

fa**? “ sale of consumer durables 

‘■fflWSMJ-SESS 

ing a consumer lending busm^ " Qoh, 

ksE3F2Sk« 

TsSssSSosisas 

MT. waisjui^* omdiases are made on 
as many as 95 percent ot P UICI |2rr~ mirchase." 

b, ujcgjU 

cJSST Sam-Tech (Global) Ltd, for madajgm 

%aasaSSsS s 

roonthtriaL Comply, dfe* jg» ‘.fSS 

EttCSSwSSrttofa* 


The interest that Singer collects on hire pur- 
chases. which can be double rates charged by 
hunk* helps make up for toe very' to* rcu ? P 1 ®" 1 
margins from business in China, the neomwe said. 

MjWaison said he “wouldnt be a bit sur 
Drised" if Singer ended up in China as m Malaysia, 
as a kind of financial service company. 

Singer has six stores in Shanghai and P^ns to 
nnen one in G uang zhou ibis month. Last year, the 
b^fopen 12 stores, but found get- 
^^enunent approvals and hiring and training 
S &to expected. Mr. Watson said 

Rather than ask about 
interest rates, most 
consumers just want to 
know how much they need to 
pay each month. 

ihe company hopes to expand to eight more cities | 

lh sJfa£ the stores’ biggest seller hasbeen idcu- 
made by other manufacturers and sold under 

1 

l & s2wtaT^ a do-il-yourself way u> Imp up 
s . 

JL ertf* this year to pilch its products door to docu- 
i SemualW, Mr. Watson sees the company s stor« 
t «!JrSalso to advertise the company s prod- 
W uc^nrmauce and provide a base for canvassers. 


China Vows 
To Open 
Banking 

Tre Associated Pros 

BEUING — Chinese officials 
.-,1.4 Treasury Secretary Lloyd 
Bemsen on Friday that they 
planned to relax resmeuonson fo - 
banks, including expenment- 
^ in letting them do business in 

the local currency. 

£vt a news conference with fi- 
nance Minister Liu Zhongli. Mf- 
Bentsen praised die Chines for 
making a “very major move. , 
Mr. Bentsen said be was OP 1 ^' 
tic that Cmna would move quickly 
to make its currency, toe yuan, 
fully convertible. But Mr. ^u cle- 
clined m set a dare, saving toe gov- 
eroment first needed toe ^oobfor 
manasemeut of foreign curren- 
cies." 


Hong Kong 
Hang Seng 

I 12020 rj 

! itOOO 


BO&hrrj 


Singapore 
Stouts Times 


22K- : r 

m~T 

303-/^ 

mt— 


Tokyo • 
haWc^225 


\m-r~ 


“VsWTj 
.IS9S I* 4 


him law v 



£«*ange . . ; * ndex ■ - 

Hons Kong Hao9 
'stndaooro ”S»r>teTtmi» 
sidnev . ; AMOidrt* 

Kuala Luntour Compo^ta 

Rsnriffik ' - • Sfc' 


uu. 

The news conference followed 
ihe opening by Mr. Bentsen and 
Mr. Ljuof toe first meeting of toe 
U.S.-Chinese Joint Economic 
Commission in nearly seven years. 

Foreign banks currently are al- 
lowed Sy to take depoats 
make loans in hard currencies. 

Tne significance of toe new move 
depends on *hat terms toe govern- 
nS^tadohKb^^iiiihe 
local currency, and whether it at 
S toe foreign banks to obuun 
large amounts of yuan through toe 
Chinese central bank or toe curren- 
cy swap markets- . , 

Tne joint statement also said 
China planned to open up more 
cities to foreign financial msmu- 
nons. 


Seoul 

Taipei 
I Manila 
Jakarta 


m : ■■ ■■ 

teogSena ■ 

MOrfinatas ■ l® 1 Z.&S& " 

H5S^« IJIW-'O '&>!£3EL 

OPT 1 ,40846 Ij maq 

-rss ss^r 

— ■ . .’1mm n»<a -022 


Co mpoatu 
‘ Stock IntteiT 


3,10621 

59026 

227922 


-CT^i«ya NZSE -40 • 2>279 T 

Sources: Reutars. AFP 


3,tt2.9B j -QgZ: 
595.0Q ■ <■» 

2296- 91- '*** 

: i ,796^9 ■ ... r-T 

InlcmaUotuI HcraU Trihinc 


Very briefly: 


plan would increase ^ (Wu and cf O.l perceni on stock trading, 
than 100 mflbon won (SI^.OOO) andoM u P™ ^ a one _ year 

. Hanwha Grog's chairnm, ^^ e g by a Seoul co m for siphoning 

suspended sentence ^ ““iStoSSn SW iaws - 

off corporate funds and breaking S“ » . it agreed 

.MingPao.a IditiM of Asiaweek, 

to buv a controlling interest in yjnmer Inc. 

^ed Yazbou Zboukan. from » . {cU 7 . 4 percent. 


Insurers Join JapanrU.S . Trade 

_ ' ij faMv orotect the stremg position of sotw Amer- ^^JJ^^^ffl^Mgprobl 


By James Stemgold 

New York Tima Service 

TOKYO — The votome in die angry trade 
dispute between the United Statoand J^m 
hasbeen turned up another rutoh. 
with the J^janese insurance mdnstty 


Ae American market goes further m duanm- 
. .Tin:. ~.~aa V\nt Anwncan companies have 


fairiy protect toe strong poauou « 

yam bremers in several market niche* 


bet m the worm, pot 

complained for years ^ 

Stations and tight hnks betwem mtoggd 
Scans and financial companies i effectrvdy 
blocked access ^ ^rd^con^etttore. 

Issorance has tons become one of toekg 
industries the United Stnto^uyn^to^ 
open —along with automob iles and 

«mnniMt mid tdetXHmiionications 


Minister Morihiro Hosdrawa meds^Presidrat 
Rill Clinton in Washington on rexu. 

In went days, however. Jaj^esc offio^, 
government advisory groups 

mhavefinrioffaa^ofsalvosmaninaeas- 

CJsssfiiiassSftsS 

do«d for ttjm* 


Sates, ttrt it. He bS ot 

To^SSrance 

In adfition, ®eWP*Y $ of toe 


sEtEff453gK 

ggr 1 ” 


KSKjKSasS*-- 

etsiL or industoal groupings 

“We fed that you have to address aD to 

SeSl gSSb. the / JUnl totema- 

to 

, , off u S. n Mp liatiiig demands has been to 
: company, Mr. 

i Gronb«S’s, is pushing, for ^ 

The company, active in JapMsmcel^-^ 

1 ^a^iSiSbv /Siericanlureraauonal. 

[- negotiators and insurance associations. 


jq miR READERS 
IN FRANCE 

It’s never been easier 
to subscribe and save 
with our new 
tolLfree service. 
Just call us today 
at 05437 437 


1993; Nissan MotorCa^J percent, 

domestic output 14.5 percent an xpo 

. SbolcUr. Toyods- Tovou ^ 

position of chairman of toe e p yers 

rNippo- Steel Corp~ Sm^tM ' of stedriab to 
KaS Steel Corp. plan to stop that would otorr- 

Urban Inflation Soars in China 

. j failed 1989 pro- 


Reuitrs 

BEUING — China's urban in- 
flation rose shajp'y “ Docember 
because of widespread panic buy- 
ing, and for the year was nfflriy 
double toe 1992 level, toe official 
media reported Fnday. 

The Economic Daily quoted fig- 
ures from toe State Statistical Bu- 
reau showing annual 
cities last month hit ^ pcrcrat. 
up from 21 .9 percent in November. 

For the vear. toe urban inflation 
rate was 19.6 percent, against 10.9 
percent in 1992. _ 

*The national inflation rate was 
13 percent, its highest M since 
the late 1980s when surging prices 


helped spur toe faded 1989 pro- 

tSS Hd^onwj, 

nartlv a result of extraordinary 
spending by a public nervous about 
a possible sharp increase in prices 

OQ J flIL 1* . . t v. 

Nationwide retail sales m ue- 
cemher were 155 bHton )W» 

tral bank, told bankers We^csday 
that toe underlying causa of u^a 
don had not been rooted out and 
that inflationary pressure could 
surge again at any time. 


MAILORDER 


UEGAL SERVICES 
MMiiMitAW TP 


sseia 



FRIENDSHIPS 


M o v IPOm- 

twmbwmkjhwmn® 

’stassstf'isi&s! 

~£*SiESis£, 



CANADA 

IORSAIE 

UCB4SB) TtiB FARM 

Haas 


MOVING 


GO 


-W X ru — . V 

SAYYES-TOfcPMnws^u«ommE^_ Q 

sssss; o 
assss aaseg -o- 
SS 'g 
a asiBg— — — x 

o 


0 JNT£RD£A/V j 

fOtARKemMTtCAli 


_ 1MT 1.ADY wim « Q 

BSS55S=| 

msusm 


■®* n saa 

S. - . *p jM 

SS2" s I* is 
& fl | »u 

r wmw 

Sffi* 971 l 

, CSSJgraoN 1 6»«» 

• ■ mm jnnn 

1 siL 

SSnw ' 7 lOW 132 3S H 

► .-SSST w 2 » 

\ MEW 48® rnnv\ 


SUKS^il, 

tssotSS 

vr , , J^jKN , MM««5S7 

< sa^®r' 

"VSr.Smlrn Mm 


SCOTCH *HI^ J CWTAW« 

ig — 

~ BUSINE SS 
OPPORTUNITIES 

tlKTi^S 

n^UA Union T* 071 017 9S24. 
Pm 071 917 anz 






Anna wrtdr 24000 «* &S&? : 

3* Era Itbowwy wj*™" U~- -- 

imtoct/expobt — ^Ssassa sa 

uiuiofY roWTADKIi Km 5 i l*r*kfxix*t- El V 

Proidni* orfy o^mraJArJo^ MW 

tS^tO &).« 200/783-3867 fWJ 
USA fa* dflwwrton. 

FRE NCH PRO VINCES _ 

T riUK02WW124 
1 USA RraTOENTIAl, 


REAL ESTATE 
wanted/exchange 

g^jueiiial 


AUTO SHIPPING COLLECTIBLES 


SAVE ON CAB SHWWG. AMODa 


J . rL _/tH7fTA77. 


E V1PLOYMENT 

general posi tions 
WANTED 

' SECRETARIAL 

POSITIO NS AVAILAmX^ 



(S5i» Hooch |411 22- JWW 

WE ADDED VALUE M UOVIMO 

Attention visitors 
from ihe MS. I 


FRANCHISE 




ont mmotecoMMHr 



M PL 
M0MM6 


[f you enjoy reading ibe HT 
whBn you travel, why 
obo get it at home ? 
5ame-day deSvery avaikifa 

m key U5. cities. 


•S-udlo Pesehel-Knles BjgH_ 


top 


IWBIK .ymMUfc 


financial 
investments _ 

MVBT IN HA WAft. ft ri.jq; 

_■” 1 - 1 
houseshting __ 




REAL ESI Alt 
FOR SALE 

swnMjtfjS— i 

LCWB.V APAK W«4r& - L d» 0«ES 

SSSIaW®®® «■ 

uwaT »ap m^,^ !L!j*S2 

S jg?si“sr*^ 4 «>^ 

ta4Wl-32J00 32. 


REAL ESI Alt 

TO remtt/share 

PAMS AREA FLTtNKmAJ_ 

PARS 

>I BE T TBI THAN A HOTH." 

|n*-*« lt ‘ ,,ono1 


i SEO ffiTAKY, 

ia sIchi 

utirhnn ml/a eaxm wowo^jj^.. 

JSbT» e«« 

Spcwh canwpo«»«*- 

STbT^c>S*g«*.™d 
I htewBy m Sn*. fro*** 


AUTOS TAX FREL ' 
-AUll^MA^ 

Sam day regnmrfai p»«btB 
nmwd* yiw 

tSteigUCA* 

1CZKOV1TS 

I AOrud E»dn Sireei 10. 

T*fc 01/202 76 

Fat 01/Z12 76 30 

oow^mo^s 


SSX .'MSnSr. 

BOOKS 

■B.asasJWS 

Fn-Hwj '?y, ? ft«| 

M au»n »_- Aw«W 

030084600. Fro. [+4V) 



Off® YOU U 

QUAtffV AP AKTWB< T5 
• LiBcsry h»«w 


■ nw 5 h« m-- . 

• {Ktoid & Enonsennc* 

■ niwfl to lf» BBM Tbww 
iVic aa rtng a Igg OO 

sm 


°WNK ^f^np 

[20 Mini ft»J- 

6 mw»e l-m rtnow room. 


ratSONAL ACTANT 

reqwed fa* 

frxnfahon broad 

‘^0^^11300 Forfgna. Fro“ 

AUTOMOBILES 
OCT. -93 HUMMER. 4 door, d 

. ^^iTSasCTUSA"™ 8 -"- 

4 im Ca rnal Sludurd Tm w. 

T^ussic 356 po ’ ou S 1 M 
1965SC Cocp. PrefY ® ™ 1 ' •‘“jT" 

„ ISSf- r^irtiblB D rrototabfa- 

f ^ C tT6»4»4USA. 


BBMBUBHftl B 

LOW COST FLIGHTS 

WOMDWPC- SpadBi daprow 
Iomkj m4bw* ^3*!^ m 
Qedi cords panifa. l«t Fo™ Pi 42 

W10BlFro42 56 25C_ 

DAILY FUGHIS AT IOWHT FA^ to 

rf" iMOf North Amenconrtlroport- 

SffThwi 03-11 47 0*67 51. 


education 

VOUtH VOOS WA»Wn ^PABB 
Frma»s VI* «i fan * l«opno«=- 
PorePI 42 22 70 64. 

COLLEGES & 
UNIVERSITIES 

EARN UMVBStrr .degrewjtfa^ 
%crt. Mb & academe 
^TUon & irfarmenDn fa™®* 1 *► 
SSTto Poofic Sourt^linn*™^. 
9581 WtoRW. 121. I" 
t wle. CA 90035 USA . 

VAi» COUEGE DWSttMj; 
pLfT po Bra 2317, GtemJ. uv 
70053. FAX: 504-3® -2&& U5A 


going once, 
twice. SOLD!!! 

INTERNATIONAL 

ART 

EXHIBITIONS 
AUCTION SALES’ 
COLLECTOR’S 
GUIDES 

IN SATURDAY’S 

international 
herald tribune 

TODAY 
PAGE 7 

yousawthkadT 

So did nearly halt 
a million potcnnaJ 
real csiaic buv«* worldwOe 
I Shouldn't you advertise 

your proper ij 1 in tne 


Ilcralb^^Sribune 
planning to run 

a CLASSIFIED AD? 


pumM ATioMAL 

m fnciti«. wdiB to ettonfl 
bSfan in *a For Ero*nK: 972 3 

£013563. 

NIRO, CHAGAIL MOC*fc, 
lOWtoi/wtpnwj h* 
u B ar rolwig pnee. Fro +47-226WSJ 


afSwttSVa 


NANNIES & DOMESTICS 


friendships 


m«v. am* t& won. »» » BmstL 

IrtAl 111 MBsUa-ftaDW 1 ... i% n nil TICm UACt 


;*h 
,.* > 




• - WOWDWK EXCLUSIVE ~ 

STromMiM «»4 **^ beoutifaU 

EXCLUSIVE W MJMCtWEBlWH - ^-UOnjMBC^37^ 1 ^'' , J t ^!: 

sswS3tS‘® , B £ *^3St 


iSS^* 

ijfcrMr. ^ ^cr«rf. 



74 Omff5 gHg8_ 

s sfiSSSS”" 

ea. mB&S. wwy cerFrol ptd a l* 1 * 1 ^ 

MMmm 


/MonroeN 

Nannies 

International i 

^^isfc§ nc7fcrHi * 

•Si® 

■GOVSNBSB 
short oi lora fam artiwft. 

«sr/ 

t^OSmONS AVAILA BLE_ 


DOMSTIC SQUm ONS 
mstsSsb « rearon*"* 

(^HoroetafP«..!»» 'Sr- 

SSjWwWeMB 

^5-^WucUKSgBlL 

OCCASIONAL MC I ^****^ 

iSSSf AGB4CT Hro 
^SSSFuLigign 


Place your Ad quickly 
nearest HT otnee 
You wiH be intonped tf 
pvnra payment is made ] 
48 hours. All major Crec 

EUROPE 

FBANCE B 

Ti- (1146 37 raft 
hx (114637 937D 

catMANV auswa * canaAL 
HJROFfe.FrtH*jl, 

SB®?# . 

“*^“ 3 i, u ^s^fr k 

Twc 34W1353 
GBSCEaCffAg: *+**. 
faC (3311605246. 

Ftsc 654 5513. 


9 £n’4oT H 3^» 0ft,SP 


S 


M25Z1 Nro*- 


8QARD Of yntWna coaacarg 

Awomarfan pnnop*®."-- 




- 


^LTnYUSBIUSAl _ 
POSITIONS WAMEP 
nanmb iNcoapcawim^?^ 

I ©VSS3ES 


i us ST IOU& nAT. vo 


ffuSTnw 

I«b 1 4574617* BnJSsA 

2^431 Jl UK lirarae SE IfifiT) 


^dro&alY MTted. Huidwoni I 

Bn&BfiitfS 

j mk 

SBS«q 

_aaasa- 

i ’ 

I AU7Antt4TSB4Ara«L 

\ BArHS? JrmffWn 


"HEMSferiL 

Fob 6121 HE 

F« 546 2571 
unHHWNDS: Amstetfan, 
T«L6^7 
F^. 67376 27. 
ndkway &swa»t 


U^ITTHI 5TAIES 

752-3890. 

He 427 175 

“fthpiaaoi-wa- 

Tol(J« 16001848 <739. 

Tit. 77081. 


TORONta 


CANADA 


Ftrc 351 -1-457 -7351 

SyUN: Madrid. _ 

Td. 3503789 
Far 3509257. 
SWnZDLAND-.lVk 

I Wi (0211 7283021. 
Foe (021)728 30 91. 

“^KSSSf* 

SSS* 






ASIA/PW3HC 


I 







ife j g. 


"WW 


•Vv.)*3fci>- 


^4. + v INTERNATIONAL 

ltmlb,aSfe<£nbunc 



. ■ 'S-jutfJ-v. wjtay'rv 

ilk jw ■ 5 r5&* ' .. Hj££fc* 

i8ST !§§& %&&£ 

Ss gps. 58S&I 

Xs'.®y- '■^■'f“£,-'' "*- 5 #’ 

A«S*V «Sfc£ * 


*as 

S'jSJy" 


4to/ip r «& 
^ ;# nt mm 

■ :.\' / 7 'y> ■-■■ -v.viw 








FIRST COLUMN = 

'Sell’: What 
Your Broker 
Really Means 

S O much for the idea of ringing out 
die old and ringing in the new. 
There is something oepressingly fa- 
miliar about the current allegations 
concerning the conduct of an investment 
manager of one of the world's biggest mutual 
fund firms. It’s an old story — one which, it 
must be emphasized, remains only azt allega- 
tion in this instance. 

In brief, what has often happened is that 
the big guy beats up the little guy. The fund 
manager knows where the fund is going to 
invest and commits his own money ahead of 
the pooled cash of smaller investors. 

There are two morals to this- Both revolve 
around how individual investors should react 
to people in the business of selling securities. 

Moral No. 1 is to find the highest class of 
vendor possible. If you are going to invest 
you will deal with someone who sells you a 
service — a broking transaction service, a 
private banking asset management service, 
supposedly "inside" knowledge in a circular 
letter, shares in a mutual fund. The more 
established the vendor, the more concerned 
it will be about its reputation. Analyzed this 
way. the relatively high incidence of inves- 
tors being ripped off by rogue newsletters is 
easily understandable. As is the rare occur- 
rence of wealthy individuals being ripped off 
by private banks, which guard their reputa- 
tions jealously. It's sad, but true: The more 
money you have the better life is. 

The second moral is to learn to decode the 
financial language of people who sell things. 
Taking a somewhat skeptical view of bro- 
kers’ recommendations, this column offers 
the following translations for language that 
is often more than a little over-excited. 
"Sell" means the brokers want the commis- 
sion. "hold” means their earlier research was 
wrong but they’re scared to admit it, and 
“buy" means — you guessed it — that 
they've already bought some themselves. 

It may be that tins is not a kind or nice 
way of looking at things. But then, who ever 
got rich by being nice? 


Predictions for Emerging Markets: Mostly Sanguine 


By Philip Crawford 

G REAT heights may sometimes be 
followed by great falls, but Mil ■ 
that be the case for emerging j 
markets in 1994? Certainly, few 
experts are forecasting a year as spectacular 
as 1993. which saw some Asian markets 
climb well over 100 percent and some Latin ' 
American markets rise more than 50 percent 
But the consensus is that there is still plenty 
of room for growth. 

Perhaps more significant in the long run, 
emerging markets appear to have turned a 
comer in how they are perceived by profes- 
sional and by private investors — no longer 
as just for gamblers, but as a viable asset 
class for the mains tream investing public. 

'The question today is not ‘Do I invest in 
emerging markets?* but rather *Can 1 afford 
not toT ” said Antoine Van AgtmaSi, chief 
executive of Emerging Markets Manage- 
ment, an American consulting firm. 

“The total market capital of emerging 
markets has grown from £200 billion in 1984 
to almost SI trillion today." he said, “and 
that’s still only the beginning. Why? Because 
many areas of the globe that are beginning to 
show economic growth still have no stock 
market And over 50 percent of the world’s 
population lives in these areas.” 
lie pure numbers tell a Me part of the 
1993 story. In the Asia/Pacific region, for 
example, as measured by national equity 
indexes, the Philippine stock market gamed 
154 percent, the Indonesian market rose 1 14 
percent, and the Malaysian market climbed 
98 percent, lie SET index of Thai stocks 
gained 88 percent while, in burgeoning Chi- 
na, the value of several of the “B” shares — 
those offered to foreign investors — rose 
more than 100 percent. 

Many Latin American markets also saw 
big gains. The Argentine market rose 53 
percent in 1993, while Chile’s climbed 43 
percent Mexico's Bo Isa index shot up 48 
percent And such Central European mar- 
kets as Plague, Warsaw and Budapest con- 
tinued to attract more foreign investors. The 
Warsaw market rose a staggering 788 per- 
cent in U.S. dollar terms last year. 

Despite some bcguming-of-ihe-ycar jit- 
ters, many Asia/ Pacific markets are expect- 
ed to continue their upward climb in 1994, 
due to maturing economies, growing man- 
agement expertise, and increasing levels of 
foreign investment 

“You could say many of the same positive 


Relocation 



Page 15 
True costs of 
executive moves. 

Page 16 

The price of failure. 

Page 17 

Relocating retirement 
benefits. 

The Gann an problem. 


things about Malaysia, Indonesia and the 
Philippines," said Richard Mosely. director 
of Jardinc Fleming Unit Trusts Ltd., in 
Hong Kong. "They’re ‘good news’ stories 
from both a top-down and bottom-up per- 
spective — fundamentally strong economies 
which are still growing. I’m more cautious on 
Thailand, which in the short term looks 
overbought.” 

Mr. Mosdy said that Malaysia’s economy 
should grow about 8 percent in 1994, com- 
pared to about 4_5 percent in 1993. and that 
the Philippine economy should grow about 
4J percent, against about 1.5 percent in 
1993. 

"HI be surprised if 1994 returns in these 
markets are as high as they were last year,” 
Mr. Mosely said adding: "Bui others fed 
differently.* Some say the Manila composite 
index will break 5,000 by the end of ’94.” 
The Manila index finished 1993 at about 
3.200. 

While the growing sophistication of inter- 
national trading procedures enables foreign 
investors to buy shares of individual compa- 
nies in most emerging markets, analysts 
warn that getting in and getting out can be 
difficult and that small lots or shares are 
often charged a premium. The consensus is 
thus that funds, be they specific to one 
country or region, or even exposed to emerg- 
ing markets globally, are the best way for 
retail investors to make a play. 

According to the fund- tracking firm Mi- 
cropal Jartime Fleming’s Far Eastern War- 
rant Fund gained a huge 340 percent in 1993. 
Three other Jardine Fleming funds — JF 
Malaysia, JF Philippine, and JF ASEAN — 
were also among die year’s best performing 
Asia/ Pacific regional and country funds, re- 
turning an average of 214 percent. Other 
notables in the region included Fidelity’s 
ASEAN, Malaysia and Thailan d funds, Go- 
vett ft Co.’s Singapore Sesdaq Ltd. fund, and 



95 

91 


t 

t 

M 

0 


The world’s centre of economic gravity is shifting towards Asia. A fact underlined by 
the continuing long term boom in South East Asian equity markets. 

However, while equity' prices have risen very’ strongly, the favourable implications 
for Asian currency and bond markets have yet to be appreciated fully. 

BENEFITS OF ECONOMIC SUCCESS. 

Economic success ultimately results in currency 
appreciation. An example of this is the Yen's 
spectacular rise of over 300% against Sterling and 

over 150% against the US Dollar over the last two ^ 

decades. Economic success also leads to growing IflfTEfUVATiONAL MANAGED 

financial sophistication, evidenced in South East CURRENCY FUND 

Asia by the emergence of regional bond markets, * NO- 1 over 4, 6-10 years > 
greatly increasing the range of investment ami since launch 

opportunities. « 

A LOWER RISK APPROACH. GLOBAL BOND FUND > 

Guinness Flight's innovative Asian Currency and tjgp OUBltiiC Over 1-7 years 7 

Bond Fund has been specifically designed to offer Slid SlOCe launch 

you a lower risk way to benefit from this dynamism _ _ ' 

in the Asia Pacific region. The Fund aims to provide _ , . . . . 

..... So don t wait to explore this 

you with a high total return consisting or income . . . . 

. . . - i . , , Ct ~ a . , , promising new route into Asia, 

(with an estimated initial gross Yield of 6% p.a.j and . 

. . _ Reserve your copy of our 

capital growth. It will invest in monetary _ , , . . 

r , . , , new Fund brochure now. Simply 

instruments and bonds cenommated in US Dollars ... ..... . . . , . , ' 

, . . , call Jamie Kiloatnck ar Andre Le 

and Asian currencies such as Malaysian Ringgits and fin «ci -m-c 

Prevost on (44} 48 J *123 6 or 

Singapore Dollars. _ , , , 

° r return the couoon oelcnv. 

UlfflCH DISCOUNT. a*,-,™ F , IG „-r 

A discount of 1% (off the Funds normal initial 
charge of 5%) will be offered on all investments 
received on or before 2S February 1994. 

«8 wz® bee: sec. xse sct zzz 

Return to: Guinness Flight Fund Manners (Guernsey J Limited, Guinness Flight. PO Box 250. S:. Pete: P-.-rt. Guernsey, 
GY1 3QH. Channel Island"- 

Please send me details of the Guinncw Flight Asian Currency and Bond Fund 


• Souks: Mieiopol Managed Seem (Pet to oltor gnw m-ono iwnwsed. tolls* 5 vsai sector ranking -U ? Staiai &*«! 

tonus Seaw. Offer to eff* gross income remvesmJ. nr 3 1 9 * The Buswess Right Auao Currency ind Bend fc=id was aafe-rt :: 7 Detrain 1933 . 
n a slurs c!mj of Ginnnesi Right Eltful Strategy Fund Unwed, one cl Guernsey's largest open ended umsaetie cons*- «. ?ar pdsr^ar.ce is ns 
nee* Warily ■ guide to the future. The value trf this investment and the means arising from it nay fall as tuil as ns* rJ z r;*. gsewtcal 
Issued try Giwnass FSgfi: GbCal Asset Management Unwed, i rr^mUr d IMHC and Lace 


ASIAN CURRENCY 
AND BOND FUND 



senior economist and Latin Amoaos i spe- 
cialist at Salomon Brothers m New York. 
“Well also see more diversification, “ 
wider range of companies wiR f*** 5 
Mr. Goodman saSdthat the passage of the 
North American Free Me Agreement or 
NAFTA, bodes wdl for Mexico, and that he 
expects Mexican interest rales to cone down 
on a sustained basis, going further impetus 


L. 

Source: Bloomberg 


Thornton's Philippine Redevelopment fund. 

In filing, the big story of 1993 was the 
huge expansion of the domestic economy — 
13 percent — a growth trend that has attract- 
ed many multinational corporations to the 
country to cash in on the burgeoning domes- 
tic consumer market. But analysts say that 
retail investors are discovering China, too. 
There are currently 19 “B” share listings on 
the Shanghai stock exchange «nd 20 on the 
Shenzhen exchange, and an additional 20 
companies are expected to offer “B” shares 
during the first six months of 1994. 

David Whittall, who covers the Chinese 
market for Baring Securities in Hong Kong, 
said that a key for investors in 1994 was the 
type of new listings that are coming onto the 
“B” share market. 

"Growth in China is a function of certain 
industries such as utilities, transportation 


-• >V : 

v. • * i *£ 


1 wr , national HenUTribuflc 


and tri wvwnmnnifaiiMyn jf," he said. “And the 
exciting tiling is that investors are now being 
allowed to participate in these sectors.” 

Retail investors can most easily gain ac- 
cess to the Chinese market through Hong 
Kong companies that have major operations 
in China or through China funds, of which 
roughly 20 now exist. Among the top per- 
forming China funds in 1993 were Thorn- 
ton’s New Tiger China fund, Jardine Flem- 
ing’s JF China trust, and Baring’s China ft 
Eastern Investment Co. 

Analysts say that the prospects for Latin 
American markets vary widely from country 
to country, but that the region as a whole is 

maturing 

“Latin America will continue to develop 
into a more mainstream market as the instru- 
ments available to investors became mare 
sophisticated," said Lawrence Goodman, a 


ids euiuM iu inn*. 

cent in 1 993 fiPin alnwst 25 perwnt in 1992 

speaks well for controlled growth there. 

Brazil seems to be the the wild card m 
Latin America, with some analysts predict- 
ing an imminent economic takeoff andoth- 
ers masting that the market will remain 
torpid grid mired in corruption. InflatiCHi m 
Brazil is estimated to be running at about 37 
percent per month. Mr. Goodman said he 
ftJt “somewhat optimistic" about Brazil, 
however. “Ihe country has a new economic 
stabilization program," he said, “and it ap- 
pears to have teeth.” 

According to Micropal, top performing 
T j>rin American regional and country funds 
in 1993 included Banco Factual's Brazil- 
focused Eternity and Infini ty funds, which . 
returned 109 percent and 83 percent, and the 
Schroder l*tm American fund, which also 
returned 83 percent. 

More investors are also testing the waters 
in Central Europe, where the privatization of 
state-owned enterprises — first in Poland, 
then in the CV ech and Slovak republics, and 
recently in Hungary — have characterized 
the past few years. Gordon Muir-Carby, a 
Central European specialist with SmithNew 
Court Securities in London, said he was 
cautiously optimistic on the region for 1994. 

“In economic terms, the Grech Republic 
will face the most difficulties in 1994,” be 
said. “Unemployment could rise bom about 
4 percent in 1$93 to nearly 9 percent this 
year, as some of the problems of having a 
new market economy begot to hh home. And 
while I don’t foresee another gain of nearly 
800 percent in the Warsaw stock market, I 
do believe that the Polish economy wifi be 
tiie most rapidly growing in Europe in 
1994:”. 

Mr. Muir-Carby noted three funds that 
nve investors substantial exposure to the 
r?7#r h Polish and Hungarian markets: theC- 
ZBChorio v akian Investment Corp. managed 
by Robert Fl eming , the Baring Emerging 
uuopelriist, ^and the ^Martin Carrie Emerg- 
ing Markets fund. ' 

. The Money Report is edited by 
. . Martin Baker 


THE Cl 




URCE 




International Find Investment 


? -*Ki Vi f 

'TTtM'itonmivI — nnn nr'Tirii • • ■— ••• ~ 



• Qfa Brae ^ « fflfaif SanroWfa feUasta^taid S • 

• IS. Matrix n Eerep • CaafieMl CastoRa! VI hroififtate* 

a Bfriratirs i^as • 



I.F1 is the one and only publication devoted 
to providing unbiased coverage 
of this fast developing sector of the 
financial worid. 

Reactions to l.Fi. have been 
highly enthusiastic, demonstrating 
that the magazine is badly needed 
by the asset management industry. 


Topics include: 

■ Fund analysis and performance. 

» Opportunities and pitfalls in die markets. 

■ Developments in investment 
management 

■ Custody and administrative issues. 

« Regulation and technology. 

■ Personality profiles. 


.licrdbSE®ribu n*. 


Return your order to: International Herald Tribune, Simon Osbom, 22-1-94 

181 Avenue ChartesiteGauHe, 92521 Neuffiy Cedex, France. Or fax to.* 133-1 46 37 Zl 331 

□ Please send me the next 4 quarterly issues of LF.I. for □ 

US$120 (FF. 700) PHI VAT number" KK/4732021126] 

Name - ■ Payment is by check or credit card. * □ Check enclosed 

Company Please ch arge by cr&djt card . D Ame x O Visa □ Access 

Address 1 Number | j . L 1_1 1 I I 1 I I l~ Mil 1 

City/Code Exp date — — — Signature , 

PLEASE TICK ONE BOX WttCH INDICATES YOUR PRIMARY BUSINESS FUNCTION: 

□ institutional I | financial mtenn«fiary/ rT Fund maregHnent | ] Custodial/ P - ] Qfter please 

investor l—l broker I— I Group *— 1 trustee •. state 














I ’ g-TWlf.iK ) i. i-a 






^>1 


L>* 


Y*S*> 




Page 15 


^"""^Tiif momt BBPQICT WMMS 


4 Useful Checklist for an Executive Headed Abroad 

' ; _.; ~T m ZTZl 1 low of 103 percent or less in Austn 

* TI — ..J Ufhat TheV Cost nr th- United Slates. After the aa 


BRIEFCASE 






Tod®* 


Y OU don’i haw to be much of an 
economic biawrian w Imqw .uwt 
commerce is becoming incteasmgjy 
inteaiiaJicmaL To take advantage « 
the opportunities ' presented by g^»l and 
North American economic pacts will require 
mobility and flodbffity. For indjv«tMl «*“»; 
tives, and the companies that employ them, tost.- 
means more mtena t io ji fllrelocatiODS. And that 
in torn raises several personal and financial 
issues ihat the «ecti*»and the company mnst 
iomtly address. 

Whal are the key qnestioos that my canto--- 
date for expatriation asks bnnsdtf? V/batarems 
concerns and expectations, and, s® a cause- ] 
queues, how c^msK>nq^iy, if rt has .already 
experimented and establrdied a “mobflity pofr 
cy" For guiding expatriate executives, respond 

to them? Or isbe an uncMtaa^no^ 

on-one negotiation of his -expatrig hon -w nerc 
the results will create' winners ana josas ana 
eventual jealousy between olher^expatnates 
and between expatriate and locals? 

Setting aside corimensation, expatriation 
rati« rntn question the impact cm the executive s 

SSTfrihne rate among expatriates is more 
oftm than hot related to the probtems emootm- 
tered by the executive's fanmy raiher than by 
my failure on the part ofthe 
The company must be a vailaMe and positive in 
its approach, providing as sis ta n ce to the cxcco- 
<1* consistent ttnns 
of a written mobility poficy. 

A mobflity policy, carculated bytoeconpany 
j rL4^i tntiv t*TMntrve_ is a necessity to a 


^uhatUxecutives Earn, and What They Cost 

Gross to net salary conyarison given a ° < Biii*»h ttfj 

bracket % 


France . 

Germany 
Japan « 
Britain 
U.S. w 

Switzerland 

Italy . 
• Spain 
Australia w 
; Canada a 
Sweden 

Holland ra 


Employes UwmB 
SocWSac. Tax 

Pi W 

525,431 $32£01 
9.557 52^17 


10,311 

2.943 

5,529 

a 7,936 
.19.427 
” 1.96lT 


41,970 

57,204 

54,556 

44,756 

56,381 

72,082 

73,903 

75,003 

77,625 

87,682 


Net to 
Emptope 

$109,368 

104,926 

114,719 

106,853 

106,915 

114,308 

91,192 

92,949 

93,097 

90,387 

89,375 

79,869 




59% 
51 % 

\ 40% 

41%" 






Employ « 
SoddSec. 

p» 

559,429 

9,557 

12,081 

17,368 

5,529 

7,936 

64.652 

10,197 

3,136 

5259 

51.770 

8,023 


.;to6#v 




Honanaiw 

S m te gt, atownw P*o * "**»*■ — 

jounx: Ernst & Yowg ~ 


be cost-sffective- . ’ • ■ . 

Here are some topics m executive should 

home and host country and m what ranency. 
e Calculation of meal inerrasesY - 

• Currency exchange-rate guaraDtee? . 


. . when ii is offered in the host country. 

.CntallU edepution and bnijoagc tnnmn* 8^?^ atrip toteW«Wj“ 

*-?^£S5l5 decision- 

Sra-tBSSSgB' 
“STSW, sssss^S?SSw 

• VaraiioQ on home or host rules. a«i st in g their expatriates m seofflg 

- e Tax compliance and financial planning as- l h es e concerns and 

siS & relocation asst**** *SSWt 


low of 103 percent origin A^^-.Cariaaa { 
tf COSt or ^ Uoitcd states. After the addition of aJ 

expatriate benefits and the impaci ^ , 

- riirtt • • brfore P'^^ k e urunan ; 

!* aged total employer cost msk\TockeL 

^ These substantial vanauons fw the cxficuti' e 

must be considered bv the company m ns 
29 . '136% ' mobility policy in order to equalize ^ 

"' V , 'JyT ce and not create disincentives to e^tnauon 

57 ■•..IQffiv- ;. or to repatriation. Funhennore, the c*. mpa- 

•; -itfF&i- ' nv must carerullY use iniemauonal L-eaues. 

SriSS a^Smeits and load rules to reduce 
S68 the income tax burden and apply .either the 

- "’VgS^f home or host country's social secuory la^ fOT 

>29 y ^ maximum advantage of the 

936 the company. For example, the d^\ fVn fft 

that an cxpainate tnmsfcmng frMi “? 

652 ■; Z&k jL prance and who will remain on British soc^d 

7q 7 V --taffir security under the European Umons a?ee- 

197 ;. -^Jr * meats can increase his net mcome afteric^a- 

1 3 6 > British social charges and lower Fremh mcome 

■ taxes feven after taking uuo account the d*.- 

StttiWity of social charges for detennuung 
770 '.■■$?&&:■ French income taxes). The 

- ' '^T" pay the lower British social charg^The ^J 

1.023 H Sample can be seen for several other counme* 

where treaties or regional niies apply. 

l^b^and ration pla^g are^ 

tant in order to increase the cunem low aw^ 

Iwoi-icmd hctbwTiW . COTnpaD i es * m sending execuuves abroao. 

Success depends upon the company developm* 
a fair and cost-effective mobibtv policy- 
i m the host country. Jack Anderson is a tax and VSP.F*!* f $ 
teKmiry ta Enu&Yamlin Paris. He ™ '» ,hu 

ise should be offered article by Brigiue Bnand-Pomdoux. 


New CWbank Credit Card 
Offers Rebates on Apples 

No Citibank isn’t handing out a PP lcs °° 
Mw^tcomers. but its American operation 
wl^Shed a credit card with Visa and 

MasterCard that offers rebates on tite pnr- 
i”** 31 * . hardware. 






Masier\.ara mai -- , » 

of anv Apple Computer hardware, 

software or peripherals. ... 

Cardholders can «ni > a i rebate^ -J P«- 

ssns^“-S«r 

thaL The limit on rebates is S500 a year. 

sSSS 

BfPJl 

whatever you wool 

- 

Invesco Gives Investors 
Chance to Bet on Taiwan 

a 1,4 ihe beat Eoes on: The latest emerging 

Sble“ p^u« f°> run** is Invesco lmema- 


lianal, the Chsnncl isisnd-bssri su ^e fag 
Of the investmenl 

Tliepareni company shestiy b J- 

5s?X of shares m ns Taiwan 
G Thefund has run well in ihe bull market, 

market index. . 

-Taiwan looks set for a l»WW ™ “ 
1994 " said Paul Parsons, the fund's manag 
er “Economic growth is picking up strongty. 
a^mS^SkjTeasinE aod v=tohoJ ^ 
low. The market is " 

prompted heavy buying in recent weeks. 

For more information call Invw Inter- 
national at Guernsey (19 44) 534-731 14. 

: Lazard Fund on Guernsey 

I Relaunches Currency Fund 

toe top U.K. securities rcgulat^The 

IP subfund, is now marketed as Guerasey AI- 

l 


*e ten® of bis 


mmmwm 

&S8IB i 

.^SScriralduringteasngmnentandtom as wdl as 

^mOT^WwffltohecoacMi^Mth “^^Sm"wffl also be coocaned hw te 

adapting 

■ SSa aBBi8=geg SSMBffie,— — ■ 


“S WlS^sSS^seca^^^^ 

fhome or host) and will • 

inedical benefits or family allowaixxs be lost? 

• Hardship in the host location. - . 

• Incentives, presnhmis or cost of bring sir 

:^ttin^nd»lKiper^t« at lost 

location? , . - - • 

• Duration of assignment:? • • , 

• Guarantee of return to home country and 

become a “loctT in 

• Perfonnance evahudian and impact on 
long-term career? 


/antageto oe naa ^ y^y trwn a mgu *u 

'*S*E»Zi fii'S £ 23 SS^^ 4 -!!?S 2 fE 


’TsasaMSEl 

i^jMBsar 


A.G.S. LONDON 
A.G.S. P.M»S 
A.G.S. BRUSSELS 
A-G.S. BERLIN 
1 A.G.S. BUDAPEST 
A.G.S. PRAGUE 
A.G.S. WARSAW 
A.G.S. MADRID 
A.G.S. ABIDJAN 


(44-81) 901 7595 
(33-1) 40 80 20 40 
(32-2) 524 25 08 
(49-30) 421 28 o5 
(36-1)201 65 91 
(42-2) 685 7216 
(48-22) 5b2 555 
(34-1141141 77 
(225)27 78 45 






Dismantling, sea packing 

Custom and administrative 
formalities 

» Air or sea transport 

• Delivery, unpacking, 

reassembling 


AGS TAKES CARE OF 
EVERYTHING. 

AGS TAKES CARE OF YOU. 


1* (853520172 &tHS5SW® 

SSSBOSS 

yS^St t SSSStm 

AlCwd BQwteMCWWI 






rv 


” ; vs** 
r'h' 




Access to 

- to 






o ppo r t u n it Y- - \ 

Are you looking for opportunities to r A 
access the world’s stock and bond 
markets 24 hours a day? ; ' ^ 

Would you like the opportuin^ to i 

profit from market moves throughout 

the economic cycle? •*■ V 

AHL Guaranteed Capital Markets la 
desimed to exploit these opportmuhes whist 
Sgyou me safety of a guarantee on your 

behind AHL Guaranteed 

Capital Markets are: 

. rn,a £ D & F Man Funds 

•^®^°iaun<*ed more than 50 funds 

"o- US* 1 billion under advice. _ 

■’5SSSSK3S35' 

P „f mv^ors’ initial Investment for 









WS* 




„ Investment 
Guaranteed 

For more information, please contact 
t nnHmv John Townsend or Brian Fudge 
f"‘« 626 6458, Tel: ,44 71 285 3200 

Bahrain: Arthur Bradlr ^ 

Fax: +973 535 078, Tel: +973 553 288 

Miami: Steve F. Phillips or Simon & 

Fax- +1 305 530 9621, Tel: +1 305 539 9700 

Fax: +852 537 1205, Tel: +852 521 2953 


^T^KT^SOACrNOWl 
THIS FUND IS 71 626 6458 


A H L 


' LH.T.22/1 


neMe .end meHS^^Seefcspital Marked 


Address. 


Country : — 

Home Phone No.. 


Work Pbone No. 


Flax No.. 


__ — 

. nc*« - . — ,n mlilal MbMTlpthH. I. (»**« 


AHLand ED&F MAN 
Together we have science and history on our side 



need to pay US lax 
need to pay US bills 
need to bank 
offshore or 


,[ y „„ live or work abroad but have financial 
commitments in the US. banking can be a complex 
affair. You'™ not a full-time resident of the US, so yon 
may no. need to pay tax them. On die other hand, yonr 

ante With the US mean that the bills keep coming in - and they need m be pa.d m US Dollars 
™e us DOLLAR OFFSHORE EXTRA VALUE DEPOSrT ACCOUNT 
y* Standard Chartered Offshtne Extra Vaine De^i. Account offers a nea, soiufion to the 

P„*,em,.pavsg n «in^^ 

account. A US Doliar cher,ue b<»k - with no fixed minimum or maxrmum « of dansa 

provided ffee as long as the minimum balance of S2.000 is maintained. 

At our offshore i-etions in .emey, Cuemsey and the isie of Man. find we have fhe 

^enceandex^sefo, naffer your nee. We can 

700 standard Chartered Cnrup offices woridvv.de. So we hope ,af. having considered 

. „ above, voull feel able to say I do’- 

ciuesbon we ve p»ea aoo ? c , d 

For more information, p.ease return the coupon beiow to: Steve Cartwoght. S an 

Or call us on Jersey (44-534) 507001. Fax: (44-534) 507111 

, i - iLhwtneJ Bonk idiLlmilnJ onJ Sc,«»Jj , J4.'Tv ,, f n,J LfumreJ Bap*. iL-irol Mj"' 



- 

_ _ — — — ... I 1E4 “NZ. ChjnTid IfrLuJ- [ 

- i 

,,,-i.^ — — *"■*•* ^L, tn " c ,d - d — 

^ “• 1 — 


Standard % 


„ „ a , Banking International 

Personal e 





Page 16 


international HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 


THE MONEY REPORT 


Sending Employees Abroad: Fi rms 


By Philip Cranford 

W ITH “go international" becoming 
the byword of fm de siide corpo- 
rate culture, increasing care is be- 
ing put into lie selection and 
monitoring of employees who make the move 
to a foreign country, say global relocation ex- 

Pf The new solicitude has not, unsurprisingly, 
been bom of a sudden outbreak of corporate 
warmth toward employees, but of a decidedly 
bottom-line consideration that CEOs are begin- 
ning to pick up on: Failed expatriate assign- 
ments cost the company big bucks. 

The base expenses are eye-opening enough. 
Moving a family of four from one European 

country to another, or between the United 

States and Europe, has been estimated at three 
to five tunes the employee's base salary, and up 
to twice that if the assignment is to Japan. And 
those are just the front-end concerns. If a suffi- 
cient repatriation plan hasn’t been worked out 
to follow a completed foreign assignment, the 
executive often ends op leaving the company, 
lairin g his international expertise — gained at 
company expense — with him. 

Such potential for loss has sent corporations 
scurrying to relocation consultants, to major 
,T^f fainting firms that specialize in expatriate 


services, and to cross-cultural training experts 
to hdp sort out everything from salary, taxand 
repatriation issues to how an executive s cml- 
dren will cope with a land lacking their fawnw 
television shows. The growth in the number oi 
expatriate workers —and in the appreciation ot 
their value — has also helped bring the fledg- 
ling science of human resources management to 
the fore, and given higher status to the corpo- 
rate personnel manager, who now frequently 
uses the lofty title of “human resources chrec- 

"The human resources director is no longer a 
second- cla ss citizen," said Robert B. Klein of 
the auditing firm Ernst & Young, which las a 
large expatriate services division. “More often, 
he’s now a trusted adviser to the CEO. 

The reasons why expatriate assignments can 
fail are myriad Prime examples include insufn- 
denlly worked-out compensation package*, in- 
ability to learn the necessary basics of a Foreign 
language, marital discord resulting; from a sense 
□[displacement, and failnre of the executive’s 
children to adust to life abroad 

The screening of spouses, analysts say. has 
become nearly as important as evaluating the 
executive himself. , _ . . . 

Moran, Stahl & Boyer, pan of Pxudenual 
Relocation Management’s international divi- 
sion, has developed a written test that many 
companies have turned to for help in gauging 



afterthought,'* said Edoerdo De Martino, a 
medalist an expatriate tax issues with the an- 


the companies which are just beginning to go 
international don’t have a due how to go about 


the suitability of an executive and his family for 
living abroad The “Overseas Assignment In- 
ventory,” adminis tered to expatriate candi - 
dates and their spouses, focuses on 15 “dimen- 
sions." such as open-mindedness, respect for 
others’ beliefs, sense of humor, and marital 
communication to hdp determine adaptability. 

Problems perhaps most often arise when an 
employee is asked to go overseas on short 


h&^iWSHT 


notice due to an immediate operating require- 
ment, a scenario which some analysts say is 
more the norm than the exception. In such 
even the most basic issues such as how 
the employee wQI be paid, and in what curren- 
cy, can be overlooked 
“If a company decides one week to send 
someone abroad the next, and that often hap- 
pens, payment issues can end up being an 


cation and more, expatriate workers, say ex- 
perts, are larger demographic and macroeco- 
nomic forces that will make effective 
management of “human capital” vital to 21st- 
ceamry corporate success. According to fore- 
casts by the Or ganizatio n to Economic Coop- 
eration and Developmdit, the wotk force of 
developed countries wiD shrink substantially 
riming the nest SO years as (he postwar baby 
boom generation moves into retirement age, 
placing a premium on human labor. Moreover, 
as developed countries continue to evolve away 
from manufacturing toward service-on eated 
economics, the relative value of highly skilled 

labor is- expected to increase. The dear message 
to corpora ti ons is: recognize the value of your 
bn man rcso m ccs, especially your ex ecuti ves, 
and address theii needs if you want to compete. 

“The value of assets isn’t in bricks and mor- 
tar anymore, it’s in know-how," said Keith 
Bradley, executive, director of the Londo n 
School of Economics’ .business perfonnance 

K 4 a research body. “And companies will 
to develop a system to strategi c a lly man- 


t of Chance 

^ttaehumn. assets mi* «* aretum “ 

"^One reason wby «*»*« 

-» Saw 

or verbal agrem^tto those 

aw. xv rr 7 . A of American atpatnates 


^^SS^forrisn assignment, due 


Ernst *?<£*. t°S ! f ” 

suddenly they’re, a nobody, ffs ® 

Sewn b^professionally P d 

jsWsSs,ISf£SI e: 

forward-thinking company addresses cane 
planning as a precondition to the expatriation 

process.* 


1 ,V* r 

'/it f 

» 


i ARC INVESTMENT! 


w Trans Europe] 


nr A GEurol 
»« GEURff 

•rA GLmR 1 ! 
i» A GMlHeu 





ADVERTISEMENT ' ' Jjn . ^ iat |i ~ 

INTERNATIONAL FUNDS 

“*■ 









IM 


fweSTTEffTi 


gjEp. 

Bis 




wHg^Mdilcr Wv — 


rap® 

mm 

lu RovqL 


a Ofean Gfcb cT Mra tvgY — s 

gftSimssrg^a^j 

tt Avo Twer wtifort — * 





!$S5i3 


p^l 



mdS — j 

ancsee Eogle — -} 




Era i 





raftSi™ Fvj. Fdgr. 1 a. AS 
m Maxima Firt. Fa Ser. 1 a. B* 

wmSi™ Fml 

8 !§? ^HcGoWRioa__} 


a QWBComW 
0 court Ttrme 
tf Coon jErm* 
a tort Torn* 
CREDIT COM* 


mmSss. — 

EE 


HlmalogjnPund J 


a Norm AirwrlennTr^_ 

SSBEWE2S: 

3 Tcsmon f-rtO 

0 JenonFimi I. 
■rManooea Try? — - 
0 jeoan Wcriwl ►w’ld— - 


IMe 

O Maxi kroner to- 

wUo> 


s a 

or intori^nonoi -/■_ 





KSSgg? 

D uffljnCLM. 
0 inn Guarant 


IIK - wvmm — 

BOM Valor — 


Ullai lnvestcn 

nawnlrygi; 
n aitw Extra 


3 In coitn America Inaxnrj 

■ Latin Arc«nc3i invjrM , 

T Mexton mvcsJnfiM 


a SoTOfcecy Birni {» 

sssshiiSg^ ft 

tf Pirmsec FM B lc<*>) E5* 

0 Fcr j fflPI \ 

0 Jaxsn JPY A Iplvl J ]|> 4 . 

[BhbLJ 



i 52 ! d Mexten mvMQi gtny. 

tJISS » Periiyfei 


0 unman C jt A^w A/B__ 




woney AAOTkotF^a S_ — i 

WStSS H P**— P M 

MOngY AfrX’fil 

Bsmk 




IfeSS ] 

uS^5K^a&STTfin««*w 


En wAcrenra I 

tlB' iv LG Asian 

BnV. wLGlre-g 


«UFlKi'LfD 
0 Mult«rrvi«. 




t* PwSr EuraCmw BcncU— 5F 


*Adi I 

bt?S3=i 


«9 jo a Ciena- wuHjrfrv 
0 Doaar LanoTvrm — 

.■?« L 


0 DowseneMat 




Fond^ 


. S BS^aofareTciEs 

0 T frrn__ 

| tf Div«a Pev. 


So ™ 

I mm a SnisaFrc^ixxi-Tef 
j 0 Mum 

BLAND) Ltd ggjglESSA- 


0 Hono Kona } 

3 IfWoneSD 1 

0 Jodoii * 

0 iCacto.i { 

0 StiBSSes-i 

w |Dg 

ivBBimweF-Orcgil. ■ » 


RfiSS 


1 1 


% 

ft 


& 


I untr Cosn USD f. 




INTfcP STB 
■vAimroliB- 
iv Frone* rr . 
■rgvrenm 




p i ^^^st m ^wt r p*» 

Stff^l'HuSEkGE RS l^WTl l 
filT^HWCriOHAL in£6ai£ ^UHO 


iWSS* 


Lmvrtquo flu Nort. 



PEA H BOND PORTFOL IO (DM) 


PpORTFOLICT~* 






iV 





iv pja ^ ^iL u x |_ 

I fisfe 


1 MAM IHT EP HAT 3 QNAL F UTyRES 
| m Mint IWW ■ Ordmarv — 3 SJ* 

f mMirt iiipW-ineow-— — J 15-5 

i mMistG?? La ■ SaBei jKu v — J fi-H 

j mMint 6*0 CM-tBjfflS 1 E^S 

5 iuMffGISLn-tsgy- — J &H 

$S Same I 

p gs feagfl gg iS 

ifm ffMAF GpSCCTtSlSfiUiaii. u^T ,1JS 

113 ^ 

555 l^!S® l E3?!i B, * lT fcl 


S EEP“1 F 


IJJ5 ii g aGrnno Carman 

'feg 

a ssssiS 

Ifjj PUTNAM , „ 

’1 


am 


w 




M S^^r^ n JT sn,w,, gg 


Foenmiie :«ov.wo 
0 aHoa ArWroo* Fa 
3 HasH’IS F« LML 


iwmm 


•SjLWsi'sJ 




! ate 

m 


ssmiei 


r Reueni G*W intTgrtti W_4 U»l 


CAl ^ CENTRAL E dtl BANOU tS 1 
oFruOlhiA - OBI FW* 1 

fsgiBESE 


■Biff 

SSSiii 


S^LltWTl^LA&UMFD, 


( 13U3 

C« (LlMl 



ffSfrO&onx) — | 


»HraRWawr 



:E| 


8erh 




WsneMBr 
been easier 
.to subscribe 
and save. 


0800 2703 


AS-flustrafan Dollars-. AS • Auatrim BF - Briyit U5: 

H. ■ Dutet^Sin- Lit- toflan Lira. 


i-DeutadaM 

BB«S! 

Mol bid andi 


a Oflar Priwlnd.3%preftni. Ctarga: ■-PansB*chang*;+4- 
ed price. £: eattnaUd pr«. 


For information on how to list your fund, fax Simon OSBORN at (33-1) 46 37 21 








c L- 




u vr_ • , 
S-. 


■*'' U N:i r.i 

t r • - t 











mm 


?,• • .; : x.f' . 1 " •■’ 

Jill *■-•'■ • • ■ ->^i. 




\>Ss> 


Quake Created 
Some Winners 


„„„ TRIBUNE - .-nmv-tTMUY. JANUARY 22-23, 

^^=THE M ONEY 

Expat Retirees: Racing to Keep Leye 

$pf 5 £ — ^»m™*** -MSSSrfiM Ses 3 s 


Page I 




G houlish though, ii way 

day after Monday’s powerful 
earthquake in Lo6 Ai^^s, s^fK 
of the curiously named Failure 
Group Inc. were bid u£2D pcrcgt. from » a 
sharTto S6. TTk coinpagy, ^vSSS' 
structural engineering problems, ^ * ®g?r 
to generate new busraess in the quaktfs^ner- 

crofcS^I&^^&systonii and 
nKHUtorins products, predkial 'Sw- 

ings overthe next few mc»jfo due •* g^! 
dSrnge to a factory The 
j2J5tefcre recovering to finish the session on 

SI. 125 at $24,875.' .; “ • •/: , -.-.■ .. 

The quake will create; other- wnmm^ 
losers, say people who follow Southon 

ConstructiOT company arc 

fl ight to have the beat chanc e ci gaming 
m m Kraw mnstracuan that w31 beneed 


I UM 


ILXIJctt l^tu O * te ^ Ncw wh *i an 

£-— : — 

By Conra dte^AepBe — -» 5 £JSSSS««» »*SjS 5 Lt?^S 

W »s?= =«=ESS scSsfais 0 = 5 “*- 

ssf^w ssstfSSs ^ - *■ *— - n,; 

!„,»*-“*.**-* would » «—«.« B e«ro«s gou.gsomch.rc 

ridouormdiVsumom^^ 

V cT »«* rfiwramces in — — 


■MacAKS 


cw^ 0 those ewents were shotam the a™ 1 


IHY Florida, both those ey^w^-^~——T -7 binton of the S7 bunon-pras w ""—a*- 

* W, to the region for bunaing. • • 

Transplanted Germans Lose Their Perks 


SaSfei 

^psSSssagS 

: euSiStY and gas usage, are 

tracts that will neuiralne the earnings 

'-E^iisa-WiS 

■SJks^SESS 

^Sdusisgorngtoboyh ^taiioi 1 !^;, 


One group tor could E« “ 

tanks and savings and leans; 

MSfSSSsas 


S-SSSs 

^a^aSdd md. ro a lesser eaten., 

A rE5K^^^ 1 5L 4 a 

^ eSH 5? 1 £S£ 

S^StoW* already m a slumping sp- 


reading is, here's anorner — ' 
(JSSw wake the «® ° r ‘?‘g| 

Sssar® 

sh«t in the arm overall. she said- 

— CONRAD DE AENLLE 


15 UOirc iiuu 11 a — - 

may find, when they step up to 
coDea, that ihdr various pension 
plans did nca weather the mp very 
well and that they do not have as 

much to live on as eroeaed. Even it 

thev do. the cost of accumulates 
Sv benefits may be substantially 
higher than if they had stayed put, 
due to lost tax concessions. 

One risk that expatriates face ts 
spending so long abroad that they 
faii tn work long enough in any one 
country to receive a state pension- 
Tbe United States, formaarrce. dc- 
mands 40 quarters, while Britain 
requires 11 years. ,. 

Fortunately, there are many bi- 
lateral accords, called totalizauou 
, agreemems, that allow tune sprat 
l... .tu,H ciaie nlan to be 


Wiiae aspic, 

that there are such divergent ly - 

d« wav in which state pensions ^ , 

accrued in different EU states. 
Thev haven’t found a way to syn- 
chronize them to malre it eaa«- 
The EU roles- and many 
bilateral agreanenis, do give em- 
plovees on short-term “J 0U J^ 
abroad, say a year or ^ the op- 
tion of continuing w pay 11110 djjf 

employer-sponsored pension pro- 
grams back home. . 

& “There are all these special ar 
rangements that apply [^mjranl 
workers." said Mr. _ They 


| getafixed 

rate FOR YOUR 
SAVINGS 

i >n #n 


issitsrJBs s ESot"' 

5ESSFS 

sss^SL-js atissw 1 


UlNV. 


■ - - . 77 —. U 

By Ann Brocktefagst . fi 

D oing oorfs- patriotic - 1 

dutyisnuancammonly f 
associated with finanr 
rial sacrifice tiffin with ' 
earning pika of nKmr^ '^V f°r < 
West Gennans wbp'movw East to 1 
help with their oxmtry’s recon- 

S?fl 3 Sff- 2 ?S£- 

pay generous housing allowances; 
E£ free ffights ho®- 
Kow, however, the benefits are 
numing out and, nm^t ^mmy 
Eastcroen’ delight, Wess^arc 
having to learn to live more like the 
locals or gp borne. • 

Cranmexzbank cot the. boons, 
paid to its Westan enqdoyees m 

Eastern Germany to 15 per^tof 

g^^salaryfro^^J 
effective Jan. 1. Itwffl dropfarfiw 

to 10 !»»* 

entirely phased -outm J996- 

muter managers whored to Dy 

home at company «3g» ^ 

wedeend are now 

flights a month if 

if an^e. In vrinter, howww, when 


the roads area»adered dangwous T 

■'SWSKSsasj - 

N^g dOO Deutsche marks to E 

■i®fcaaa*v- ; 

Gennans in Eastern Geonany are J 

considered permahmtiy trans- I 
farad enqilqytes watong «a 
standard contract But a bank i 

CTx^csnian, Dennis HuBip®, s^d * 
^t^rtiw;next few years jtare | 

wodd bem^ofthiswpeQf^ : 

pointment as Commenb^taw 

, todiminaic tiie ffiviaons bttweei 
r Eastern and Western employees. 

ForWestemerswbotere^^ 

► PiiRi for good, one <rf the hardest 
f-' prrts to lose is the hoh^g ■Jjjj’ 

a ^Wrtii a severe housmgd^tr 

a much “ ^ 

* benefits MW immmgcwt^os 

. T^ri rimif s miKt learn to compete on 
5 "SSSl.irf?* Bke evnyoue 

ro tiffi same .tim^ the Weau- 

- .’ .[iV“hur£ pav^ has also been 

slashed by more than .50 pcrcent- 


the eovernmem w *****”■ “ — 
afly immobile Germans i to move 
East, were as high a* 2-500 DM a 

; — . IGmto on 


rivfl semnts to move baot w»i 
found not only their oldjobs but 
Diracs thor old desks oocu- 

pw- ■sia.'t 


tedgfcg 


Ktxston, ncaa oi u» wu— ^ . 
S^^teAssodatiotfseaScrafi^ 
adn, says, however, that the jram- 
bSrfSplmnts has recently fall- 

“a? te&roi »* 

anenev set up to take charge of 
.pSzmg^EastGmnane^- 
oo^ mluqr of the midge manage- 

emmlv rifiaDDCST U 


*^The Trenhand faced much criti- 
cism for the generous contorts rt 
offered, «ped^r.smoe 
the yuppie beneficiaries were seea 

as-respMSible for the largtwwte 

layofb and unemployment m the 


East But Horst FBhr, theperson- g 
nd director, said that^ px 

tenns of employment were jo* ^ 
fied. Maimgemeni coDSultan^ w 
fresh out of university, earn 8«,wu R 
u>UO.OOO DM per year atpnv ate 
firms and h«aTsped^su i ewn t 

90J»0DM.hesMd.Hepomtedout y 
thAttbe Trenhand had to “®P« e s 

MtfsfflgSg : 

Tobias Hundertmark. a West 

German who ended up in chatgeaf ; 

seffing forest product finw, tad 
two years of experience at Pna 

Waiahouse Management Coas^- 

tants in Hamburg before be 
‘ the Treuhand. He estimates that 
including the value of bs houang 
i allowance, his salary rose 7C iper- 

f cent in his fust one and a half years. 

[ One Treuhand employee whose 
5 futarerenMiMunclew.^wa^s 
d the agency s president, B^t 
Brand. Asked at the 
i. press conference what she had 
it plamied. Miss BreneL a tag 
of state economics minister, 
a that she needed some nme offto 
Z reflect on her Treuhand expen- 
se enoes before deciding- 


sags 

enmities, he’s going ro h^e 

what the company wsnwd him to world^ 

: m ms 

. stat® 5 - Pcoaon bendB^are q counrry he goes to. A 


up t° . 

5 . 75 % = 645 % 

am pa moor 

ifvou can deposit £10,000 or more and are 

£Ld by r nmba rd for longer term tnvestm ents_ 

— — — ■ A . _ .AM (VI A non i 


JJJtebm 

GROSS % PA 

5.75 

5-50 

COMPOUND 

/WTEREST* 

6A5 

5 years 
4 years 

5.97 

^ -years 

^ 5.125 

5-39 

2 years 

4.75 

4.86 


somewnere eu* ui , 

the same company, 1 

Union gel a SUi ^ “JTZ. ^ die tax conse- I ' 

aWssSsM 


CM& dq»Md frr 5 ^Ttbtrl As ^ 

« 5»ed icro Havas ' niUnnb reMins «md 

rt.mT-n a'.stnv: oi*- “*■* 


^^FS-£ ® BSKHSS* 

SgSSK 

r40-ySr career ^^y not matter to 
-You codd get w« Spatriates, usually reason - 1 

years’ work in a number ^o* r executives, whose 

tries, and without these agreements a^ly seni ^^ver excess 

“oTvLdB'.^nyt^but™ ^ s J^j UpW “ 

md uo with benefits from eacn te JU ?. iUC »~L_,„.^ rj muhina- 
one.Sd Iain Stark, an actuary at 

'Watson’s Investment ConsuhanQi- 

If the benefit from a 

iw orMiier without 


Lombard j 


as A 


S uT^Wn" tamrodt “/^ Ioyas m»lU* 
a partol® ^ “ 

susvsas 

Ti&pvmmm, ■.dfctUp—' 


DEPOSIT ACCOUNTS , 

ssjs:- c 

NAME I Mr -Mrs '■Mbfc>h* — ^ ’ 

address — ~ 


Surrey RHl INP.En^d 

Office U-nbWl 

m m V ES. 


i3ro«ruc*»«» ,, 3f n 
Vcamiw om 








Make all these people 
work for you! 

Open a Foreign Currency Deposit 

Account with TSB in Jersey 

TSB in Jersey offers competitive rates for ^ nths with the interest 

mal ot currencies. F*ed terms - ^ ^ ^ of the term. 

paid gross, without ded^on of whic h curteneyfeyouare 


Q©0 

OFFSHORE 


p k^^ ari meant* 
Specayorn*^ 10 ' 
. Nine— — — 

Aito— — 




OFFSHOKfc - • • • — — ■: ■;• ■- ■ • • 1 

CENTRE — - “^‘t^rZwM»^fta.t44SJ450Kll 




TSB&al 


Ourmd Iskinils liniiwl. Offshore Court, 





Page 18 


INTERNATIONAL HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 22^23^ 1994 


SPORTS 



ti 


In the Cool of the Night, 
Courier Grinds Past Kulti 


The Associated Press 

MELBOURNE — The first 
game look 10 minutes. The first set 
lasted 58 minutes. By the time Tim 
Courier won the tedious match on 
Friday, fans were huddled under 
blankets on a summer's evening at 
the Australian Open. 

The third-seeded Courier out- 
slugged Nicklas Kulti, 6-3, 6-3, 7-6 
P-T}, in a match that lasted 2 
hours. 41 minutes but seemed long- 
er. The basetiners traded jahs until 
one got sloppy, or into position for 
a winner. 

“We were just grinding, grind- 
ing, grinding all the time until 
someone hit a good shot and forced 
a mistake." Courier said. 

The match was delayed at the 
stan when Courier forgot his trade- 
mark white baseball cap in the 
locker room. It had a four-minute 
rain interruption in the final set 
But, mostly, it had long rallies that 
anesthetized the shivering fans. 

The match's seventh game las Led 
21 minntes and 28 points, ft includ- 
ed II deuces. Courier, vrito was serv- 
ing, finally won it to go up 5-1 
“That's a big momentum game,” 
Courier said. “It was kind of a 
battle of wills." 

The temperature, which had 
reached 22 degrees centigrade (72 
Fahrenheit; during the afternoon, 
dipped to 12 degrees at night on 
center court, chilly for the Austra- 
lian summer. Fans snuggled under 
blankets and Swedish flags brought 
to cheer on Kulti. 

Courier, seeking his third 
straight Australian Open title, put 
a towd over his legs during breaks 
to keep them warm. 

“My legs kind of got a tittle bit 
cold on the chan geo vers," he said. 
“It's so unusual down here, it's usu- 
ally so hot. It’s nice to play in 
comfortable weather." 

Top-seeded Pete Sampras also 
moved into the fourth round with a 
four-set victory over Stephane Sim- 
ian of France. His next opponent 
will be 15th-seeded Ivan Lendl, 
who defeated Paul Haarhuis in four 
sets. 

Sampras, who beat Lendl in the 
final of the New South Wales Open 
in Sydney last Sunday, is attempt- 
ing to become the third man to win 
Wimbledon, the UJS. Open and the 
Australian Open in succession. 

“Ivan is probably hitting the ball 
as well now as he has in a while,” 
Sampras said of the two-time Aus- 
tralian Open champion. “Lendl is 
the type of guv that if you open the 
door a little bit, be is going to walk 
right in. He is one of the greatest 
players of ail time, and Tm going to 
have to play well to beat him." 

On Friday, Lendl was fined 
$ 1,000 by tournament officials for 
uttering an audible obscenity in his 
match. Officials said Lendl beca m e 
involved in several disputes over 
line calls. 

No. 5 Goran Ivanisevic rallied to 
defeat Aaron Krickstein, 3-6, 7-5, 
6-3, £4, turning the match around 
after breaking his racket when be 
ciamTTwf it to the court lace in the 
second set. 

“It’s not bad,” said Ivanisevic, 
who had 20 aces. “Every time I 
break a racket I cool down. It’s a 
tittle bit expensive” 

But the tournament supervisor, 
Bill Gilmoui, said he was consider- 
ing the incident, Ivanisevic has al- 


ready been fined $350 during the 
tournament for ball abuse. 

No. 10 Magnus Gustafsson 
dropped just six games while win- 
ning his third-round match and 
No. 13 Wayne Ferreira also won, 
but No. ] 1 Mare Rosset was upset, 
3-6, 6-2, 6-1 6-1, by Grant Stafford. 

MaliVai Washington, who upset 
No. 2 Michael Stich in the first 
round, needed five sets to complete 
a second-round victory over Andrei 
Cherkasov that was hailed Thurs- 
day evening by rain and darkness. 

The top-seeded woman, Steffi 
Graf, defeated her German compa- 
triot Barbara Riilner, 6-2, 64. to 
reach the fourth round. Also ad- 
vancing were No. 3 Cone hi la Mar- 
tinez. No. 6 Mary Joe Fernando, 
No. 10 Kimiko Date, No. 14 Mag- 
dalena Maleeva and No. 16 Lind- 
say Davenport, as well as unseeded 
Chanda Rubin. 

Graf has been using weights to 
build up her strength, while a new 
racket has given her added confi- 
dence and thrust, at the net. 

“I feel a lot belter around the net 
now,” she said. “I kind of know 


where the ball is going, so I fed 
more secure." 

Rubin, a 17-year-old American 
who upset 12th-seeded Amanda 
Coetzer cm Wednesday, ignored 
swirling winds to defeat Kristine 
Radford, 6-3. 7-6 (7-1 U in a match 
interrupted twice by rain. Daven- 
port, also 17 and an American, won 
6 - 1 , 6-2 over Elena Makarova. 

The hugest upset of the third 
round was pulled oTf by another 
American, Ginger Hdgesoa, who 
survived three match points in her 
3*6, 7-6 (12-10), 64 defeat of sev- 
enth-seeded Anke Huber. The Ger- 
man double-faulted 15 times, in- 
cluding twice on match point in the 
tiebreaker. 

No. 13 Helena Sukova, a finalist 
at the U.S. Open last year, also was 
ousted. She lost 64, 6-3 to unseod- 
ed Sandrine Testud of France. 

Testud, 21, had not previously 
made it past the second round of 
any Grand Siam. 

“I had nothing to lose," she said. 
“I just wanted to play my best” 

Testud next faces Graf, winner 
of the Open in 1988. 1989 and 1990. 


Results From the Australian Open 


MBITS SINGLES 
SECOND ROUND 

MdllVoi WHMntlM. UA,dH. Anttrol Char- 
kosov. Russia. H H W W. 4-1 
THIRD ROUND 

Magnus Oustatssan (lai.Swsden.drf. Jown 
Renzwibrinh, Germany, 6-2, 6-2. 6-2; Grant 
Stafford, soufti Africa, dot. Marc Rosset (III. 
Svriteerland. 34,6-2.6-2. 6-1; Ivai Lendl (151. 
U A. del . Paul Haartuiis. Netherlands. 64. 6-2. 
64.6-4; Pete Sampras (1). US. det Stephana 
Simian, France. 7-5, 61. 1-6,64; Goran Ivani- 
sevic (5), Croatia, def. Aaron KrtduMn. UA. 
3-4, 7-5. 6-1 64; Martin Damn, Czech Rawb- 
tle.def. Brent Larkham, Australia. 64, 64. M, 
2-4. 62; warns Ferreira 113). South Africa, 
def. Daniel Vaoetu Czech Republic 64. 62, 7-6 
(7-4), 64; Jim Courier (3). UJ.M Nlctdas 
Kutfl SwMM L 6& 6, 1 74 (7-1). 


WOMEN'S SINGLES 
SECOND ROUND 

Moadatena Maleeva (14), Bulgaria, del 
Hooka Sawomatsu, Jam. 62, 64. 

THIRD ROUND 

Steffi Graf (It, Germany, del Barbara 
former, Germany. 62, 64; Chanda Rutin. 
UA, def. Kristine RcxSford, Australia 63, W 
(7-1); Sandrine Testud. Franca, del Helena 
Sukova (131. Czech Republic. 64,63; Lindsey 
Daveraorl (16). U-S- def. Elena Makarova 
Russia. 61, 62; Canctilta Martinez (1), Spain, 
def. Amy Frazier. UJS- 63, 60; Mary- Joe Fer- 
nandez (61. United States, del. Caroline Kunh 
man, U.S. 64. 61 ; Dlmar Hetaeson, UA.M. 
Anke Huber (7). Germony.3-6. 7-6 112-HU.64; 
Klmtke Date 110), Japan, def. Rachel McOull- 
lan. Australia. 61 WL 






Hunker Dawn for Big Air Attacks by Everybody 


New York Tima Service 

AMERICAN CONFERENCE 

CHIEFS (13-5) at BILLS (134): KEY STAT: Chiefs 
allowed conference low IQ interceptions, Joe Montana in 
21 postseason games has 43 touchdown passes and 19 
interceptions, end NeO Smith led league wim 15 sacks and 
coach Marty Scfaottenheimer seeks his 100th NFL victory. 
Bills appear in fourth straight conference championship 
and fifth in six seasons, are 20-1 when Jim Kelly is not 
sacked, have won seven straight playoff games at home, 
have beaten Chiefs in Buffalo in five of last six and end 
Bruce Smith owns postseason record for sacks with II. 

COMMENT: This should be one of the most memora- 
ble AFC championship games ever. Montana makes his 
first trip to Rich Stadium since 1983, but be helped lend 


the Chiefs to a 23-7 victory over Buffalo at Kansas City in 
Week 13. 

Buffalo, like most f earns, is different at home. Look for 
the Bills to occasionally employ an right-man from and go 
after Montana, the key man in the secondary that can 

TOFL MATCHUPS 

make that tactic work is safety Henry Jones. He is as 
talented as they come and Ik can cover deep and break up 
long tosses against the blitz. Jones is rough on the safety 
blitz, too. 

For the Bills, Thurman Thomas has to rush for 100 
yards for a victory. For the Chiefs, stopping Thomas 
means they can hound Kelly from start to finish and turn 


tire game upside down. Bank on Thomas. Bank on the 
Bills. Oddsmakers favor the Bills by 3tt points. 

NATIONAL CONFERENCE 

49ERS(ll-6) at COWBOYS (134): KEY STAT: 49ers 
offense averaged 402.2 yards per game in regular season, 
Jerry Rice has 13 touchaownsm 14 postseason games and. 
linebacker Bill Romanowski led team in tackles with 105; 
Cowboys are 3-1 in conference championship games vs. 
49ers including a 30-20 victory at San Francisco in 1993, 
are 38-1 when Fremi tt South rushes 20 or more times and 
are 28-1 — including 24 straight — when Smith rushes for 
100 or more yards. 

COMMENT: These teams respect each other bat their 
rivalry has grown -extremely intense and they have eyed?’ 
each other ail season. Dallas has the upper hand. It has 
beaten San Francisco in consecutive matchups, in the 
1992 NFC championship game and by 26-17 in Week 7 in 
Dallas. 


Cowboys’ Coach: It Ain’t Over, but It’s Over The 49ers after the last loss were solemn but certain they 

J would see Dallas again. They hare been wartime far this 


The Associated Press 

FORT WORTH. Texas — In a boast reminiscent of Joe 
Namath’s 1969 promise, the Dallas coach, Jimmy John- 
son, has guaranteed a Cowboys' victory in the NFC 
championship game against San Francisco. 

“we will win the baUgame," Johnson said a Fort Worth 
radio station. “You can put it in three-inch headlines: We 
will win the baUgame." 

Johnson made the comments during a talk show. The 
New York Giants coach, Dan Reeves, had told the show’s 
host that he expected the Cowboys to van Sunday, 
prompting Johnson's unsolicited call 
Using a telephone number reserved for guests, Johnson 


phoned the show and said, “I just listened to Dan and 
that's why I called." 

“Let me just add to that,” he said. “In my opinion. — 
now Fm a biased person — I think we’re going to go out 
Sunday and that crowd is going to be absolutely wild. And 
1 think we’re going to have a very, very tight baUgame for 
about three quarters. 

“Then, before it's over. I think we're going to wear them 
out I think we're going to beat their rear ends and we’re 
going to the Super Bowl That's my personal opinion." 

The remarks recalled the guarantee that quarterback 
Namath made before the 1969 Super Bowl in which Ins 
upstart New York Jets beat the Baltimore Colts, 16-7. 


would see Dalles again. They haw been waiting for tins 
dance for several weds. Here is tire problem for the 
49m: They can match the Dallas offense with a high-win 
attack of their own but in the end, the 49ers defease will 
not be able to put the final damp on victory vs. the Dallas 
offense. 

You should see two prolific offenave attacks that exhib- 
it wondrous efficiency: Troy Aikman led the league in 
percentage completion at 69.1 percent and Steve Young 

defense has the last 


percentage completion at 69.1 percent and Steve Young 
was second at 68.0 percent The Dallas defense has the last 
wot! Cowboys by 344. 

These National Football League matda^s were prepared 
by Thomas George of The New Fort Times. Odds were 
provide by Hurrah's. 


ives 


Gophers a Scare 


. . The Associated Prat 

Yon had to aspect a spotty pa- 
formaacc from IvGchigan wim two 
starters out with chicken pox. The 
IStb-ranked Wolverines managed 
to scare No. 20 Minnesota, hot 
couldn't come up with, \ictory.'. 

Jamm Howard and TmmyTGng, 

two- members of Mktagan r s Fab 
five that reached the national 
iehairipnnfJ^p game the last two 

CCM1JEQE BASKEIU4ll7 

year^werescraldiedfiomtiKlme- 
op and their absence showed. 

- The Golden Gophers <12-4, 3-1 
Big Tea) beat Michigan 63-58, the 
Wolverines’ second straight confer- 
ence loss. 

"Mfcfaigan is a good team, even 
without those two players , 0 said 
Minnesota reserve Townsend Orr, 
who retired four of his 12 points in 
the final five minutes. “Everyone 
who came here tonight really 
stepped up their game another lev- 
el" . . 

It started so easy fm the Golden 


Snc Hetaad/Tte AModMcd Pm 

oo a cWDy evening in Mdboorae. 


prams and tost to Duke for the 
seventh straight time and the thinl 
consecutive year at home. 

NatiMaasadrusetts^Rntgexs 
54: Lou Roe and Mike WiHisms 
each had 17 points as the Minute- 
men (14-2, 6-0 Atlantic 10) downed 
the visiting Scariet Knights (5-8, 1- 


3L bauncxug back from the loss to 
DePaul that .ended their 10 -g^e 
w fomng , streak- WaKyy Dixon 
the visiting Scarlet Rm ghis (548, 

3) with 23 points- . 

No. 1 t Tenwte tffc La S*Be55t Jt ; 
was a short road trip for the Owls * 
no-21 who for she first time tins 

' .,i.mI t i wing Hv some- 1 


who was sick for Michigan (114, 3- 
2). A 17-2 lead made it took easy at 
home for Minnesota, but Michigan 
was within 32-28 at halftime. 

“We weren’t going towalk out cf 
here and let than pick the seme," 
said Jalen Rose, who led the Wol- 
toities with 19 pants. 

Ray Jackson’s 18-footer .capped 
a 10-2 Michigan nm and tied 0 k 
pone 4747 with 9:02 remaining, 
the. first .time Minnesota dkiri't lead 
all game, before the 'Gophers 
scored lire next she points. 'Michi- 
gan’s Leon Derricks had a chance 
to tie the game at 57 with 56 sec- 
onds reznaming, bill didn't convert 
a three-point play. 

Orr then made a tayup, stole the 
ball on the other- ora and was 
fooled with 13.8 seconds remain- 
ing, making both free throws- 

Nd2 UCLA 74, No. 9 Arizona 
6 & The Bruins (12-0, 541 Pap-10) 
remained one of two unbeaten 
teams in the coontry arid set them- 
selves up far a chance at No. 1. 
Tytis Eaney had 26 points to lead 
UCLA, wmch should take over 
atop the poll if it can beat Arizona 
State oar Saturday since No. 1 Kan- 
sas has already lost this week. The 
outstanding backcourt ofithe Wild- 
cats (13-3, 2-2) had a rough night as 
Khahd Reeves, the conference's 
l ead i ng scorer at 24.1 per game, 
washddio' I3, afibto oht’fii fife 
second half, and Damon Stood*- 
nuefoopht throtq^foultrouhle to 
finish with nine points. 

No. 5 Dube 92, Noth Carofew 
State 69; Grant HED had 19 points 
to lead the Blue Devils (1 2-1, 4-1 
Atlantic Coast Conference), who 
sha77percemfiomtftefidaintfae 
first haft. Duke made 20 of its first 
26 idiots and went on to a 44-29 


TOJgi wdA ibu ui o ~ 

(me other than Eddie Jones or Aar-' 
on McKie, who each had Mpomc.. 
Derrick Battle paced Temple wrft' 
17pSts. La Salle (7-8) was W ^ 
Kareem Townes’ 19 paints. '«< 

Ncx 13 Loo&vffle 83, 7& ' 

The Cardinals (13-2, 3-1 Metro 
Conference) went outside for the., - 
road victory as they made eight of- 
16 3-ppinters, all bat one in the first ^ 
halL^LomsriDe starts opntin-. 
ued their streak of all scoring in - 
double figures every ganre. JeraM 
Honeycutt led the Green Wave ( 8 -. 

6 , 1-3) with 21 points. 

Stanford 88 , Na2I Gtitforma- 
79: Andy Poppink had a career-’ 
hi gh 25 points and Brent WHfiama. 
added TO points and 13 rebounds* 
forthe Cardinal (104,"3-2 Pac-lO), 
who offset a reaMd-setting petfca'~^ $ 
rrmnee by Jason Kidd. Cal 5 sopho- 
more guard, recorded his third tri- 
ple-doublc (rf the season with 15a 
points, 10 rebounds and 18 assists,' 
the last figure a school and confer-, 
enoe record. The^ viating Bears (1(K 
4, 3-2) led by one with lti)9 left, buri 
Dion Cross hit a 3-pointer antfl 
Poppink and Brovin Knmht eachi 
scored to put it away for Stanford." 


JndonesiaBars [\ 
Johnson, Citing - 
JmS Virus 

The Associated Pros 

: JAKARTA — Indonesia 
said Friday that it^woold not < 
allow Magic Jbhnsrar, the for- •' 
mer National Basketball Asso- 1 1 
cration star, to visit the coon- . • 
try with his all-star team. 

“1 will block ia visit, bfr * 
cause of his AIDS disease," < 
said the. tfirector-jteneral of ' 1 
imnrigr alien, Roni Sikap Sin- ' 
uraya. ' 

He said drat a 1992 irmm- 
grariozi law allowed the gov- 
- eminent to refuse to aQow . ’ 
peopfc wath ctutte^ous. , 

eases to oxter the country.' > 

- Jctoaoc, who is. infected * 
with HTV, the virus that causes ■ 
AIDS, was scheduled to strive . > 
in Jakarta on Feb. 24 at the.- - 
mutation of Indanestta’* has- : 
ketball asiodation. He and his 
all-star team, which ins been:; 
on a worid tour, were to stay ’■ . 
far threedays^ndphry several • 
cAibition games. - • 

Minister of Health Sq'udL ■ - 
who does not oppose Ac visit, ' 
said the case has created a di- 


cmixnLHesaid Indonesia, as I 
a meaiber of tire Wofld Health - 

Orga niTa tian, had a oblf g ati og r 

to treat AIDS victims in a hnr > 
manitarian way. 


DENISIS THE MENACE 


PEANUTS 


CALVIN AND 





TO OUR READE 


Hand delhjery 
is now available 
jus) call (42] 23 502 
independent Albanian 
Economic Tribune' 





























N 


bit 


INTERNATIONAL HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 22-23, 1994 


Page 19 



SL* 


ycott 

LtrV 

r "" 1 - 5% 





r- •• ■ 

•• HJfj ( 

’-• •'" il '•- '■ 

~‘rz ±. ' 


^caudal 

1 — '^'A! ^ 'V 

£e 

~y_ 

' c -- • 'C2. 


'"■ jclc 


faCoas! 

- -ii ria 
-Ci.- .-':«• 

'--’i.-iL 

-• o.r^rc 
.^r.-^u-s 

~‘ C “ « 

r- :-*■- 
•v-r s ;i "s 

.. -aTs- 
•:; 

f -xz-:.: 

--.xzz 


■ - j, S"*- 

j“ 

^ S3«*' 
■' . . .-.-ir 

it. • 





-. - t 


Former Husband 


Con^nfe/ /n> <7ur Staff Fmnt Dirpatcten _. 

PORTLAND, Oregon — "The 
plot thickened in the Nancy Kerri- 


aBeged conspirator revealed a 
plan to blackmail the ex-husband 
of Kerrigan’s rival, Tonya Handing, 
for reportedly ordering die n'wpcfr; 

The 5uspeci, Shawn Eckaitit, 

Harding's bodyguard, UMTfae Or- ' can andW a 
egwnan newspaper that another al- tacked Edcardt’s 
leged conspirator. Derrick Smith, 
hoped to make more money Irom 
the assault by blackmailing Har- 
ding’s ex-hosband, Jeff 
later with evidence that he had 
-na p er-d tHea nafV -,' • ■ 

"After we do Ufisr job. for Jeff, 
well own htny” Eckardt quoted 
Smith as saying. The Oregonian 
published the second part of ah 
interview with Etirardt on Friday, 

The first part appeared Thursday. 

Smith’s attorney coold sot kh- 
modi^dybereaciiedfOTcommettL 

The allegation was another 
thread in a'case that has thrown, the 
skating world into, tunned and 
started a controversy ewer whether 
Harding, the U.S. figure skating 
champion, should be allowed to 
skate at the iWinto' OJyfflpacs in 
Lffiehammer, Norway, next month. 

GiDody, Ecfcaidt, Smith and the 
alleged hit man, Shane Stahl have 
been arrested and charged with 
plotting die Jan. 6 attack on Kerri- 
gan, who was hit on the leg with a 
metal bar after practicefor die US. 

Figure Skating Championships in 
Detroit. Kerrigan was forced to 
withdraw from the competition; 
which Harding won the event. 

In Colorado Springs, Colorado, 
the U5. Figure Skating Association 
backed off plans to vote an whether 
io keep Harding cm the team. 

Kristin Matta, a USPSA spokes- 
woman, said, “A vote is not set, a 
vote is not scheduled.” 

The Amateur Sports Act of .1976, 
the federal law governing the USOC 
and its member federations, states 
that any sports body trying to oust a 
team member must "^provide for. no- 
tice and an opportunity far a hear- 
ing before rffarJfli-t ng such individual 
ineligible to participate." 

On Friday, the International 
Olympic Committee said that it 
would wait until after Jan. 31 be- 
fore conadering whether Harding 
should be allowed to compete in 

T.iTlrfiammer . 

The IOC’s director-general. 

Francois Canard, said thecomsat- 
tee did not want to get inwived ni - 
the mattcr^wMe R. wrasr-bbmg a £ - 

dressed by justice and sports Gffi-; ' 
dais in the Umied States^ . . . 

CarraidsaddielOCwould.be- 
comemvc3ved only cnce the LISOC 
submitted its team roster for the . 

Games by the Jan. 32 deadiiae. _• 

Harding, 23, said on ABC tdevt-. 
sion Thursday night that she want- _ 
ed to achieve her 


..-A Portl^ tetevjaon station re- 
pented Friday thaTEdsaidl Smith 
and Stant wwe negotiating with 
prosecutors about pfca barons in 
eadimige for tfkir cooperation. - 
■ Attention in tbe-cas&is now fo- 
cusr^ caj Harding, wham Eckardt 
has aS^ed was involved intiteplol „ .. 

Harding insstathat she is inn o- 

have at- f ,r.£?£ *''3? r '-l - 
. ■ 


AMuhnomah 
jury, meeting to detmmoe'i 
to indict Harding along vritii 'the 
Tour men arrested in the alleged 
conspiracy, heard testimony from 
Hardings father, AIHanhng; her 
c6ach,OiaDeRawliD5on; a private 
investigator, Gary Crowe; a minis- 
ter, Eugene Saunders, and other 
witnesses.- * ■> .' ... 

Eckardt said that 
feredthc others $6,500 to 
Kerrigan “so Tonya ooold win the 


He toW Tbe Oregonian that 
Smith, the alleged getaway driver 
after the Dctrtal attack, thcmgbx he 
could blackmail Ghlooly later by 
threatening to expose him. 

Edcardt said Smith hoped to get 
access to Gflkxjly’s contacts and to 
meet people Hce the New York. Yan- 
kees’ owner, George Steinbreaner, 

whnbad Ainuitwd yiww y tA Harding 

after a reported death threat against 
ter in November. 

(Reuters, AP) 



Witt’s ‘Disappointing’ Comeback 

German Star Is Only 9th After Her Technical Program 


Witt 

Copenhagen, seeking to 


JcnyLaaveB/feam 

her technical program on Friday in 
i a spot oa the German Olympic team. 


By Ian Thomsen 

Imemaiiona] Herald Tribune 

COPENHAGEN — -The wrinkles appeared 
around Katarina Win’s brow, as they always do 
when one is are most working to suppress them. 
She glanced to her left at her teammates, the 
ones she has to beat. Why weren't they crying? 
The younger ones air supposed to cry. 

“1 am very disappointed becasue it is a pro- 
gram I usually can do in my sleep," Win said 
Friday after ter technical program, worth one- 
third of her total score in the European Figure 
Skating Championships. “I just said to myself. 
‘Jost enjoy it’ ” 

Her eyes were red. M f had the audience on my 
side," she decided. 

She did not have the judges. In the first inter- 
national stage of ter comeback, the nine judges 
told Witt, 28, that she should hare stayed away . 
Their low scores lev technical mail six of them 
ranging from 4.6 to 4.8, glared in cold admonish- 
mem. It is a matter of fact that Witt rated high] v 
f or her 2 minute, 40 second presentation, with 
seven scores of 53 or higher, and that she is now 
in position to scire one of Germany's two places 
m tiie women's Olympic competition next 
month. She need only maintain her No. 9 posi- 
tion ahead of her compatriot Marina Ktelmann. 
who was ranked 14th after the short program. 
But that’s not the point. 

"It is sad because she is a nice girl." said her 
teammate Tauja Szewczeoko. 12 years her ju- 
nior, who beat Witt in (he recent national 
championships and was in fifth place heading 
into toe final long program Saturday afternoon. 

“It was not the ranking that bothered her." 
Szewezenko added. "She wanted to be good." 

No one was outstanding, but Oksana BaiuL 
16, the 1993 world champion from Ukraine, 
had taken the lead with a graceful, at times 
elastic, rendition of “Swan Lake." Her techni- 
cal scores ranged from 52 to 5.6, and her 


presentation rated no less than 5.7 from the 
judges. 

She looked like a pixie having sneaked into a 
grown-up's dosei Her performance coded in 
an exclaiming pose, at which time she drew her 
knees together and sat up rigidly in thanks. She 
appeared maybe half the size of Win. who 
earned rattles of applause from the small crowd 
in the tiny arena. 

Dressed in the black tights and beige jacket 
married to her accompaniment Robin Hood, 
tire looked like the instructor dictating to her 
students. Experience is a virtue, but gravity- was 
not so kind. She was required to perform three 
jumps and botched one of them, landing two- 
footed out of a double axel. This is an automat- 
ic deduction of 0.4 points, but the judges were 
Ureter than that. .After, she was seen crying on 
German television. 

“I think the audience saw I didn't give up." 
she said. “After the mistake I still tried to lift 
the program and get the program across, and 1 
think tius is important." 

If she was coming back to answer some 
greater calling than the simple achievement of 
another Olympic medal — and it appeared she 
was. admitting that she could not j ump with her 
more athletic successors — thra it was clear 
that she was carrying more pressure than any 
teenager could imagin e. For them, it is hard 
enough to seize wfaai they've never had before. 
For her. there was an aura to resurrect, a 
ghostly spirit to recreate, even though the mem- 
ory' of ha two Olympic championships has 
inflated the requirements for her and no one 
else. She (eft a world in which millions adored 
her. returning to one that on Friday left her 
feeling old. 

“I don't regret coming back,” she said. *Tm 
not going to start analyzing tomorrow if 1 don’t 
make it ! had a real interesting time this year 


trying to come bacL I would regret it if I never 
would have tried it." 

She sat at ibe news conference on display, 
lipping her head onto her left hand, the fingers 
shielding her eyes, and wjib each of her con* 
trolled breaths it became obvious that she wail- 
ing for suppon. But her teammates were either 
calculating with Lheir Mg eyes staring straight 
ahead and blank smiles, or else they were com- 
pletely ignorant of wfaai their idol needed- Fi- 
nally, someone blurted, “Good luck tomor- 
row'.'’ and now she was really alone. A year 
after she had taken aim at an event like this, she 
now wiped at her tears, allowed to get up and 
leave as an official stepped forward to thank 
her audience. 

Almost as an afterthought. Surya Bonaly of 
France overtook Baiui for first place. She skat- 
ed with none of the emotion Wiu was strag- 
gling to create; it was the ease of Bonaly s 
movements that the judges applauded. 

In the same way. ihev had applauded Viktor 
Petrenko of Ukraine, who abandoned his one- 
year professional career to return and win the 
men's championship Thursday night, easily 
beating Eric MiUot of France (second) and hts 
Ukrainian teammates Viachesiav Zagorodniui 
and Dmitri Dmitrenko (third and fourth). 

“It is good enough for this time," Petrenko 
said of his performance, noi without its flaws. 
This was the conclusion all of the former pro- 
fessionals are seeking less than a month before 
ibe Olympics. 

The last preliminary arguments were to be 
made by 1984 Olympic ice dancing champions, 
Jayne Torvill and Christopher Dean of Britain, 
who in the free program late Friday night were 
seeking to break a first-place tie with the 1993 
world champions. Maya Usova and Alexandr 
Zhulin of Russia. They were to be followed 
Saturday by the least likely, and therefore the 
greatest! challenge, made by a sad goddess. 


i the competition; ^ ^ ^ _ 

iSHss Austria’s Maier Holds Off Schneider to Win 2d Giant Slalom 


The Asxocialed Press 

MARIBOR, Slovenia — Ulrike Maier of Austria, a pant slalom 
specialist, an Friday clinched her second Wodd Cup victory of the 
season, beating off a second-run challenge from the Swiss veteran Vnsni 
Schneider. / 

Maier, leading after the first heal, clocked an overall time of 2 urinates 
28.83 seconds to win, desphe losing her balance & few gates from the 
second-nm finish. 

Schneider, a five-time winner on the Maribor hill, was in third place 
after the first heat but aided an aggressive second run for an overall 
2:29.08. Her strong showing augured weB for Maribor slaloms — her 
strangest discipline — an Saturday and Sunday. 

Germany's Katja Swringpr , fresh from dowsmQ and soper-G triumphs 
last weekend and finding her top fonnjnst weeks before the J jHehamrner 
. Olympics, was. third In 2:2931. 

Mara's teammate Anita Wachter, last season’s overall World Cup 
rhampfCT, finished fifth mid narrowed the gap between her and the 
current World Cop leader; Penrilla Wiberg of Sweden, to just 39 pants. 

WTberg finished 14th and has 923 points overall- Wachter has 884, 
ahead of Schneider, who has 83$ and Maier with 71 1. 

■: “ft whs great to have this before UBehamnwr," stdd Maier. who won a 
giant slalom at Santa rwrim, Italy, before Christmas and was world 
champion in the giant slalom in 1989 and 1991. ‘This was a fantastic 
'victory/*; 

’. s On a good day for German skiers, Martina Erti finished fourth after a 
blazing second run of 1:16.82 boosted her from a first-heat ninth place 
and gave bee 229.62 overall Her teammate Christine Meier placed 
seventh with 2;30.63 on the sleep, icy course. 

“A super team showing,” said Ertl, the fastest in the second heat. The 

m ! Germans had been doing special training in Flachau, Austria, and Ertl 

dream of ' said the results showed mat it had paid off. 


winning an utynmc gold medal 
and that she am hoped for a big 
payoff after 20 yeare trf arthrous 
training. -v- 


Italy’s Deborah Compagnooi was sixth. 

Slovene skiers have been strong on the Weald Cup circuit this year. 
But, racing before thousands of home frms, the bekt tiiey could manage 
Friday was an tlfh place by Spda Pretnar. 



Pru ifaek'Rmm 


Gtanf-sfafom specialist Ulrike Maier withstood Vreni Schneider’s second-best challenge for the triumph Friday in Maribor, Slovenia. 


NFL Patriots 
SoldtoFoxboro 
Stadium Owner 

The Associated Press 

BOSTON — James Orth- 
wein. owner of the National 
Football League’s New Eng- 
land Patriots, said Friday that 
be was selling the Patriots, but 
that they would be staying in 
New England. 

Onhwdn announced that 
Robert Kraft, owner of Fox- 
boro Stadium, where the Patri- 
ots play thrir home games, 
would buy the team. 

“He understands wfaai a 
football team means to this 
community,” Orthwein said of 
Kraft. Kraft won a bidding 
war with a group from St Lou- 
is that had lost in an attempt 
to land one of the NFL’s ex- 
pansion franchises. 

“We’re a region that stresses 
family values, traditions — we 
hold bn to good things." Kraft 
said. “We're not a transient 
pan of the country." 

Kraft did not say the 
amount he would pay for the 
team. The sale must be ap- 
proved by the league's other 
dub owners. 


SIDELINES 


SCOREBOARD 


%% ; 


. v- 


.-■r " 

i 


‘,,y ■ 




Tolrfo Has Naxrtiiw Wh^readLead 

. SOUTHAMPTON. England (AP) — Xolrio maintained a narrow lead 
Friday wfahlessthM^taroreraMm titirdlegoF the Whitbread 

Round the World Race. . V . 

TaJrio, a Whitbread 60 yacht skippered by Chris DKxsan, was reported 
208 nautical mSesTrom the finish line at Auckland. New Zealand. The 
Maxi-class New Zealand Endeavor ^ was only ibtee miles b ehind , while 
five other boats remained in contention as 

rife dash south to Auckland. 

It was riMpingup as the dcisest group finish in the race’s history. Dennis 


Berlin Seeks to Hold England Game 

BONN (Reuters) — The Bolin soccer federation said an Fndaythaih 
had made an official bid to hold Germany’s controversial soccer friendly 
rib Sand on the anmveisaiy of Adolf Hitler’s birthday April 20. 

Pnpfah and German soccer officials decided on Wednesday to move 
the game away from Hamburg because of feare -of neo-Nazi vioteuct 
Hamburg city officials feared dashes iatheaty if the match went ahead 
and asked the German body to move tte man* awayTrom the etty. 

“For us April 20 is a day Eke any other,” said a spokeswoman for the 
Berlin federation. Barbel Richter. ‘‘We want to have this great football 
match- We have a good security concept” 

Moser to Tiy Again, in Bordeaux 

treNTE, Italy (AFP) — The Italian cyclist Francesco Moser said 
Friday that would make his third attempt on Chris Boardmari’s wodd 
hour cycling record in Bordeaux and not m Stuttgart as he bad planned. 

Mo » 42, the former record holder, told 'tile Italian news agency 
ANSA that the Stutlganhall^ where he had^ Boped to bredethe record on 
Wednesday had bean booked by a cycling event arid an indoor intema- 

*^He ^now Areto I«we Italy for France on Moadw, acrompamed by 
his medical adviser, Francesco Coacotn. The m decate a date for 
»>u. attpmnl after conducting test runs. Moser faded twice, last Saturday 
ataltitofemMerico Otyto teeakthe 
Mum’s record, wto* be set/at the Bordeaux vdodrome m July. 

’94 Cup BodytJjpfc^ 

LOS ANGLES (Rentas) — ■ TBePasadena Rose Bowl, 

Worid Cop socca final to -fajfc J_.'. mLm mm (MM Milt 


BASKETBALL 


NBA Standings 



• EASTERN CONFERENCE 
. . Atlcxitic Divltioe 

Vi Pel 
Hew Yurt 26 * J«3 

OB 

Ortohdo 

» M 

588 

' 6 

AUaub • 

M 19 

AST 

» 

Now Jersey 

16 as 

A44 

IBta 

Barton 

16 23 

MO 

12 

Phuodetohto 

IS 22 

ABB 

12 

Wartitnqtoo 

12 to 

MS 

14VS 

AManta 

Central OMOre 
25 9 

-735 



Chicago 

25 11 

894 

1 

Charlotte 

21 U 

568 

5 Vt 

Cleveland 

17 T9 

ATI 

* 

indkma 

U 19 

A7I 

9 

Mllwaukoe 

10 28 

27* 

16 

Detroit ■ 

8 27 

3S 

17% 

WESTERN CONFERENCE 
mdwret Dtvlrtoe 

w L Pa 
Houston 28 9 JO 

oa 

XttUr 

25 13 

MB 

3 to 

Son Antonio 

26 14 

JOB 

3V» 

Denver 

17 21 

AO 

11% 

Mbrareata 

13 24 

XI 

15 

Oatfre 

2 34 

056 

25% 

Seattle 

PudncOhrtskM 
29 5 

MB 



Phoenix 

26 10 

772 

4 

GaMm State 

.21 14 

JOB 

BVS 

Portland 

22 15 

3K 

8H 

LACUPoere 

» 29 

04 1 

17 

Sou amenta 

12 24 

333 

18 

LAUdaere 

12 29 

■324 

1S% 

THURSDAYS RESULTS 
SNMONI an* 

W-42 

MUtiexeta 

M 23 21 

25-XJ 


McNwn 5U 7X TewUrSon Antonio ol 
NX. Control 83. H. Coroilno A*T 14 
NX Ctrorfotlo M. soutnem Mss. 43 
Rod ford 79. Corootoli <7 
SE Laubteu (7, Mercer 99 
SW Texas SV Jit Nkdwtls SI. a 
Va CoromooweeWi W. OMoftoma K 
Vlratnta Tech <7. South Florida 55 
MIDWEST 

Austin Peay at E. Illinois, pod. weather 
Drake 77. CretoMon 64 
Indiana SL 87. Wichita St. 13 
Minnesefa a. Mfdttaan SB 
Tabu M. & IHtMh 81 

SOUTHWEST 

Arkansas St 73. SW Lowtatana SB 
HE Louisiana 83. North Terns 78 
TexasMUimatan V. NW Louisiana 81 
TexafrT’Oft American BO, ArK-Uftb Rode 77 
PAR WEST 

Arizona 9. 87. southern col a 
Brlahatn Young 83. San Dteao SL 82, OT 
Cotarodo 9. 72. Nev Mexico 70 
Hawaii 7Z UWl 54 
Montana SL *2, N. Arizona 75 
NOW Mexico SL 82, Utah 5L 71 
Oregon SL 7S. W tilnaton 11, OT 
PacMc 73. UC Irvine 71 
Pedoordine 81 Son Dfeoa 7S 
San ProndscD 1M, Lw«o Momnount M 
San Jose SL 8V. CM St.-Pullcrtan 83 
Stanford U. Cat Honda 7? 

Toxas-€l Paso 87. WVomtno M 
UCLA 74 Arizona 44 
UN LV 97, Nevada SO 
Wastdnaton SL 91 Oreaon 85 
weaer Si. 97. Mantana Vi. 30T 




HASS BALL 


. . Si RoMnoon 9-347-11 21 KnlaM8-12 2>2 14 
M: west 18-16 »a Laettner7-8 VI 15. RWer 
7-U frO 15. RsbaaeA— San Antonio H (Rod- 
. roan UI.MIanawita 44 {Frank wj- AeNsts— 
. San Aidonto 18 (Del Negro S). AVitnesata 27 
(W1 Wants M). 


Hemto 

TO 

28 

37 

to 

n 

3-506 

Drover 

32 

W 

28 

26 

it 

s— in 


AL— Elected CMcaoo White Sox chamnon 
Jorrv Relnsdorl la executive counseL 

BALTIMORE— Asreed to terms wHtiTcxM 
Pndndrtti.plt<Mr,en minor -teoaue cantracf . 

BOSTON— Asreed to ranro wim T«iy Fae- 
m and Onto HawenS oitefm on minor- 
league contracts 

CLEVELAND — AoreeC to terms wHn 
Omar VtzaueL Nisrtetop, on 1-vear cantracL 


cooctv Pal Thomas secondary cooeti and 
Greg ornate de t enslve line coach. 

KANSAS a TY— Stoned Pellx WrtoW. ooto- 
ty. Waived Ertk MOW liar, cornoraock. 

MINNESOTA— Fired John Mkhets. aften- 
stve line axxh. into Tam Batta. medal teams 
CBM*. 

NEW ORLEANS — Wanted Owt Franklin 
director M pro scouttno m) John Motsko of- 
fensive line coach. 

N.Y. GIANTS— Lawrence Taylor. IlnebocK- 
er. retired. Ptd Mike Stralwn. defensive end. 
on tniured reserve. Activated Eric Weir, wide 
receiver, from practice Jwrtd. 

K.Y. JETS— Named Brad Seety oaedel 
Msttt cooctu 

PITTSBURGH— Fired John Guv. mectot 
teams coach. Stove Fume*, defensive ihu 
cooctv and Bab Hcrrturv receivers coach. 

HOCKEY 

NaltaMI Hoc*et lmh 

NHL— Added Brendan Sjoneh an, St. Louis 
left vdna. and Arturs irbe. San Jose goalie, to 
Western Conference All-Star team as miwv 
repla ce me nt tar wendetaorlL To r o nto rtoto 
wfna. and Miee Verna n, Cotoarv aoatte. sus- 
PondfdRlckZambaSi. Loubdetonsematvtor 
lOpames wmwut pevlor stashina and snavina 
Unesman Kevin ColUm durtoa Peh. 9 atone at 
Dalian 

ANAHEIM— Recalled Mikhail ShfatonMtv. 
gaoiia. from Son Die pa »HL. Slsrwd Don 
McSvmon. d e te rawnan.tol -T o or cont ract As- 
stwied Mvin OCannar. detons e mon. to Son 
(Mean. 

BOSTON— Acaufred Vtocont Riendeau. aaoi- 
le. from DetroK hreendmene/ale* m msdnft. 

BUFPALO — Som Grant Fior, aooite, to 
RaOMator, AHL. on conditioning osetgnment. 
Bo fol g no d James Block, center, to R ochester. 

Detroit— S eal Gary Kruppte* defense. 
man. to AOrendodL AHL. Asttonod Greg 
Johnson, forward, to CarMxSan Olympic 


Team. Trooed Vince RMndeou. goalie, to Bas- 
fan tor ayMtffomw 79« draft choice. 

HARTFORD — (tecoHed Mark GrefD, rigid 
wtna. tram Sprlngltold, AHL, 

N.Y. ISLANDERS— Asotgned Tom Draper, 
goalie, and Zlomund Palfty. left wing, to Soil 
Lake city. Reassigned Jamie McLennan. 
Bo al tonder.onq Jason Simon and Don Plan) a. 
torvmrda. to Son Lore. IHL. 

Pittsburgh— S ent Markus Nasfimd. left 
wine; Roberto Romano, goalie; and Ed Pav 
lerson, »(gfd wing, to Cievetond. IHL. 

QUEBEC— Agreed to terms with Ckwde 
Uipoinie, center, on muilivear csnlroct. 

ST.lOUIS— A ssigned Jeff Batters, aelense- 
man. to Peoria, ihl. 

SAN JOSE— Assigned Janan Mara detorne- 
marc to Kansas Ore. IHL lor cond U tot ri ng- Re- 
called VtostlmU Krouia detonsemon. end 
Wade Fieheriy. ooonenaer. toorn Kansas Clre. 

VANCOUVER- Reasslmd Dan Kesa. 
r»gm wlno. to Hamilton. AH [.Sent Mike Peco, 
center, io Ottawa. OHU ana John Nameetni- 
kcre. detenseman. to Hamilton. 

Winnipeg— F ired Mike Smith, general 
manager. Coach John Paddoc k will assume 
duties of general manager tor remofnaer of 


COLLEGE 
NCAA— Put Wisconsin’s wrestling program 
on 3 veors probation because athletes wrong- 
re received expense money and coaches 
abused rules tor evaluating recruits 
TRANS AMERICA ATHLETIC CONFER- 
ENCE— Announced addition of Campbell 
University, effective July 1. 1994 
ALABAMA— Extended contract of Gene 
StolllfWV football caoctoitireugh 1998. Named 
Homer Smith offensive coordinator. 

ANGELO ST,— Announced addition ol 
women's s o ccer fa Intercollegiate offUeiic 
Pf u Pix a n effective 1904 toll s e mest e r . 

BAYLOR— Fired Pete Fredonbura. defen- 
sive coordinator, Named MUee Sugar detect- 


tivo line coadi ; BobCooeaefenstvecnordlna- 
for. and Ken Rudcer assistant head caorti Oftd 
running backs coach 

CENTRAL— Named Theresa Check athlet- 
ic director and RK* Comedy football coach. 

CITADEL— Homed Mike Groshoo. manag- 
er of eautomtnt and focfNifes. tennl* coocn. 

COLORADO 5Tr-A aron Atkinson, aosket- 
boll torwortt has letl team. 

CORNELL— Named John Hetmich wom- 
en's fencing coorti and Phil Roch women's 
gymnastics coach. 

DARTMOUTH— Bobby Clark, men's soccer 
coach, restarted to become New Zealand no- 
I Jemal team coach. 

DREW UNIVERSITY— Nomed Patrick 
Meade acauatics coordinator. Pete Knwoii. 
wemetrs soccer cnorti and women's assistant 
basketball coach, resiarwa. 

FLORIDA ST.— Named Mark Rkbt atten- 
tive coordinator and Ronnie Cottrell asstetmt 
court). 

FORDHAM—Oectarod Bobby From. senior 
center, academically Ineligible tor remain- 
der at season. 

FRANKLIN * MARSHALL— Roy Oswald 
Softool I coach, resigned. Named Alan Koto 
women’s assistant muash amen. 

GEORGIA— Steve E reminder, nuortar- 
b ocks coach, rsstanea to became offensive 
coo rdlnator U Texas A&M. 

GEORGIA SOUTHERN— Tom Smith, ath- 
letic trainer, retired effective Jutv l. 

FORDHAM— Named Fred Morkxd offensive 
coordtootor. Vlncaa Slnagro defensive CDardl- 
nator, Brian Ourrliwton secandory aaartb Jim 
Ptsegno defensive line coach and Joe Trknrio 
wide recehrereaoectai teams coach. 

IONA— Named Tim Murray associate ef- 
rector of athletics. 

KANSAS ST, — Brian Henson, basketball 
auord. will l re nti er to Watitburn. 

LETOURNEAU— Named Marv Ann Otvreil 


womenh baskelball caacti whon program be- 
gins during 1994-95 academic year. 

LOCK Haven— N amed Trevor Worren 
women's soccer coach. 


World Cup Skiing 

WOMENS GIANT SLALOM 
Results Friday from Maribor, Stavepto; 1, 
Ulrike Meter, Austria. 7 minutes. 3843 sec- 
ends; L vreni Schneider. Switzerland, 
7:29 JB; X Katlo SeUlnoer. Germany, 2:3941 ! 
4 Martina Ertl Germany. 2:2942; & AiWfO 
wachter. Austria. 2.-3021; 4 Deborah Com- 
poonanl. Italy, 3:3023: 7. Christine Meier. 
Germany. 2:30 a 3; 4 NeWl Voelker, untied 
States. 3:31.10: 9. Marianne KtocrtiocL Nor- 
way. 2:71.38; MLCaroieMerte. France, 2: VAC. 

Giant Slalom tiandtees: >. Wartitcr. 585 
poinis; 2, CompognonL 51S; 3. Schneider, 436; 
4 Motor. 432; L Ertl. 380; 6. Voeiker. 7X11 1. 
Pemlita Wiberg. Sweden. 218; 8. Seltinger. 
213; 9. Merle. HI; 10. Christine Metor-«oeciu 
Germany. 199. 

Overall World Cop ltaedbig* (after 70 
races): 1. wiberg, 923 paints; 2. wachter, 884; 
3. Senneiaer. 830; 4 Maier. 711 ; 5. Comoaa- 
noni, 882; 4 seizinger. 665; 7, Ertl, 459; 8. 
senate GoefscM, Austria 347; o. Ktoereted. 
322; 10, Bfbtana Perez, itmy. 319. 


>. r - s* , rt; 


WORLD SERIES 
Bert-ohThree Final 
South Africa v»- AutiraHa 
Frtdoy, In tiutbaarve 
South Africa: rryS [SO oven) 
Australia: 302 (483 overs). 

South Africa won bv 28 runs. 



For the Record 





■ . H: Thorpe W-18 44 MOfoluwon 18-24 24 2Z 
Maxtwil Ml 2£IL Dt R. WtMxTB 71-79 W2S, 
Mutomte 8-M 3-5 T9. Rg Uti fl fl i HuH to W « 
rrtowVMtomrO trnrtnrrmni 11 nnirti 
Houston i» (Bto 4L Denver 35 (Aadut-Raul 71- 
PtoCOtX 38 7134 39~m 

LA Latere ti V K 17^4*7 

P: Green 9-15 6-7 24 Mil tor »-W 1-2 22. LA: 
Ttrean >11 M TO, Worthy NMH 1-1 22 Re- 

tent ntemho (Grw in, us Angeteo 

telDteacITkAifiste-PtenitaM IF. Jahn- 
«t TO), Lo» Anodes 31 (Lynch, Von Ex*l <)- 

Major Cofioge Secret 

EAST 

Bgdon CMHW.W. Holy Cron 73 
Cent. Connecticut SL 84 N. Adores SL 55 
Fotildflh DMdreon 88. Long tttend U. M 
Porttoom 7K UMMi <4 
Hertford 7s. .New H m npsh lre 71 
MdM 104 Vtenonf ff> 

Mansi fh St Francis, NY 76 

Massachusetts. 74 Rvtpere 5t 

Mount St Man. Md. 81, Monmouth, NJ. 45 

Rider 7*. Wagner 75 

SL Peter's 72. FdrMeld 85 

Tcaiplg <4 LA Roue 55 

■ SOUTH 

AuoataditaR XL S4. TeirChattaBooga To 
COIL of Chorfeiinn BS, Cenreaary 78 
Duka 92. N. Coronna St. 85 
E. Tennessee St. 93. VMi 92. OT 
FRL International 77. Georgia SL <1 
Florida A&M 73, Morgan SL n 
H owa r d U. fX Bethuae-Cookmar 71 
jaddatwlHe TV Sev*» Atataao 59 
UMrty 85. Wlnthw *1 

Lfiutoiana Tech atW.KertVCkY, PPG. wtother 

UidMlIle a Tutm 7* 


NL — elected pnitodeioWa erotident Bill 
Giles to executive courasL 
COLORADO Agreed Io terms wtto Lice 
P ointer, pitcher, on Vvmx con frocL 
MONT REAL— Extended contract of Felipe 
Alow, mmaer. throuah 1*95 season. 

H.Y.MST3 Ao r cetf to terms with mis Ri- 
MBnusberetoP, at l-yeor contract. Agreed to 
terms With Bob Kipper, pitcher, on minor- 
league controa. 

PHILADELPHIA— Agreed to tenre erfm 
Tommy Greed* red Rooor Man Pflrtters; 
MdtoyMorandbiLSdiiawmiPVsnd Kevin Fas- 
ter,pittf*r,on VyaartfnMdS md with W»rv 
AMteraea pitcher, an mtear-teoaue contract. 

PITTSBURGH— Agreed to terms whh Or- 
kmd« Mem& outfielder, on Vvsar cantrad. 

ST. LOUIS— Awredto term* wlffi Bernard 
GRImy and Ray Lonfrtbrd. ouffto Wen. and 
Lois Aitaaaiadbageman. on 1-raarcenrnxf» 
SAN DIEGO A gre e d to terms with Bip 

Rnberta.3dbasemon.andGenaHartHbP«tat- 
K.anVyea cm h ud . rw i tiOTed Jett Qorttaer. 

2 d bowman. 

BASKETBALL 

notional BaskefbaK Affectation 
HOUSTON— Tod LcteefcA oresLterrt. re- 

stonod to become President at Golden State 

worriers Atom OerctoPmenf Campomr. of 
tedlve Jan. 31. 

NEW YQPK^AOtvdted Chories Smith, ter 
ward, (ram Mured Uti.wotwd GeroidPod- 
dta. guard-forward. 

FOOTBALL 

Nattered Foothoft LeapW 
CLEVELAND— PnenoM Stew Crosby, 

nmntnobort* reach, to olfensfwrtwdiiiator. 

INDIANAPOLIS — Mamed George Boone 
special scoot, Hank Kuhimonn awtotont 


ESCORTS & GUIDES 


BELGRAVIA 

ORCHIDS 

(OMMMFAKS B0QRTAGS4CT 
OBff OU B B A C OWBP 

UK 071 589 5237 


FERRARI 

LONDON ESCORT AG BICT 
MAJOR CRSXT CARDS ACCEPTED 

W1 823 4456 


(NT&NATIQm ESCORTS 

SnaAraUbWtriMh 
M 212 - 765-7396 New York UU 
Mqbr Ok* Cads 4 Chads teapNd 


DUSSBDOU/ORMANY 

scotrrsavicE 

QhTSA70EVS«NG5 
TBj 0211-144979! OR 0I72-3D0I6SD 


ULTIMATE ’IO* 

212-888-1(566 
rEW YORK RSCQKT SERVICE 


INTERNATIONAL CLASSIFIED 


(Continued From Page 13) 


CHRISTO* *** 

New escort service m ZUB04 
r«tffl7^0l«-7doy* 


GENEVA * MISS * PARIS 

Esavl agency 346 00 S9 aedn catfc. 


lONDONBRAZUAN&cort 

Sena OH TU 5S97/9I Opm 7 toft 


TOKYO 

tsaryj Gnxfe Serece. Idephone No. 
p? 3351 - im , open ewrydBjr afeo 
SSS5L 


OfiC OF MAYFAIR 
begrt Service (oadan 0P7 229 2000 


’PARIS A LONDON- 

OEGANl & 3WCATH3 * SOLSIVE 
bran Seng London P) 2M 5145 


■‘•••KIEV « urniw 

tscai/Gmdr Senoce 
fta/tek 007 0*4 - 277 3091 


ZU8K»/ mu / Msa 
ExgiSevia 

Tel: 077/57 06 06.077/88 06 70 


H I G H* •SOCIETY* ■ 
• IONX3N • ESCORT ■ AG84CY • 
TEL07 1 -^66- 1 0 33 


‘COSMOPOLITAN- 

Lproon & HeoSniw Esaxi 6jjenqr 
Tel 07 1 3S2 A 8 1 S 


TOKYO — BGOKT saVKE 
Moior cretb aedi occeteed. 
iet <033436-698. 


VIENNA*PARfS*M(LAN*ZUKICN 

Euroeomort Ml Ban + Travel- 
W Coil Vienna +43-1-310 63 19. 


MUNICH • WELCOME 
ESCORT &GUKAG&ICT. 
ftfASE CMI 069 • 91 23 14 


■•LONDON BEGAN! INDIAN*- 

Escort SetvKB * Undon • Heartxow 
071 72 7 00(M atde cords vtkxxnt 


ZURICH BfiGO* 
4&arr5erv«r 
Z«id)01 / 383 08S5. 


SOCIAL * ESCORT - 5RYICE •■ 
1 ■ ■ • EDINBURGH- •• ' 
- 031 -447. 669 — — 


1 LONDON - LEISURE 
Service ** Certrd — . 
TekOP I -493- 1 0?0 


ESCORT 


17-inidmde. LCPOOi gn 


VB84A r ZURICH*PRAGUE 

SU9SEME NTl BCOBT SBMCE 
CJ YdNin (4 T43 H 532 11 32 


ITALY • PARS * care D’AZUR 
French Rmero Ewrl 
DM Owl +39 184 


JAPAWStOBN^THAI 

BCCXTSarviCE. Owl m 
Hwor phone SHZ5 3314 


w ondewiWBL. 
fleaae chore SH ZtS 3JH London 
LOS ANSBB - GABBY WTL Escort. 
&Gude Sonic* 

Bererlv Hfc TeL (3lQ 


TO OUR READERS IN ALBANIA 

Hand delivery is now available 
Just call; (42) 23 502 
"Independent Albanian Economic Tribune" 


IOHDON -HEATHROW -EXE CUTIVE 
EXCLUSIVE CAEBBEAN Ex»1 ■■ 
071 794 9(07 Craft nrid 


AMSIBIDAM RB94ADETTE 
Escort Service. 

Tet 631 63 36 or e3IQ6 41 


EE0LBTAGB4TUR F R A N K F U I 
HOTEL & AtfPOCT S0MCE. DAI 
HEASE CALL 0172-<5P92 007 


P8ME11MEBC0XT SERVICE 
h Mwhahw Otwi/tverengj 

212-2794852? USA. 


DONMA “StfGUSH” KOlMONN 
DUSSBJXXF/FSMmKr oB mat 
&am 5etvice. Tefc 0?lh8 31 41. 


AIMOMA BCOST A GUIDE S3HCE 
Dertth and Bx&h ifiechn Owk 
Tel: ) 3^ 1-36U5&4 or 57694)7, _ 


■' VMUAH * JUUA 

ESCORT AM) TOWH. S8MCL 
Oc* 0921 ^73 87. 


DISTINCTIVE CLUB 
BWauwi . AflBCAN - CfJOBBEM 
London &eart Service OTi Ste929 j 

NUM7UB7 XOiN otisSBOORF 

w wg, toi Service. J d a/t 











INTERNATIONAL HERALD TRIBUNE, SATURDAY-SUNDAY, JANUARY 22-23, 1994 


DAVE BARRY 


A Double-Edged Sword 


M IAMI — Radiation is a dou- 
ble-edged sword: It can be 
our deadly enemy, as when it leaks 
out of a nuclear reactor and harms 
innocent people; yet it can also be 
our friend, as when it leaks out of a 
nuclear reactor and harms Donald 
Trump. 

Another example: Dentists use 
radiation in the form of X-rays, to 
determine which of our teeth are still 
real, so they can grind them into 
stumps and cover than with im- 
proved space-age materials costing 
thousands of dollars per ounce. Yet 
those voy same “X-rays," if we are 
overexposed to them, can cause us 
to look like Willie Nelson. I base this 
statement on my own dentist He is 
a fine person and a skilled profes- 
sional, but he looks WAY too much 

like Willie Nelson for it to be a result 
of natural causes. When be writes on 
my teeth. Tm always expecting hun 
to burst into song: 

Dartin' h vn’i you come back soon 
And spit mouthwash in my spittoon. 

I recently received another ex- 
ample of bad radiation from alert 
reader Laurie Bel in. who sent me a 
United Press International article 
that should be of grave concern to 
all those individuals who use furni- 
ture. The article, which I am not 
making up, begins: 

“MOSCOW — A Russian busi- 
nessman wbo died recently of mys- 
terious causes was apparently killed 
by his chair, which was found after 
his death to be highly radioactive, 
Russian newspapers reported." 

□ 

The article goes on to state: 
“Investigators discovered that the 
deadly office chair was the source of 
15 mifli on times more radioactivity 
than normal background levels. 
... It was not known bow the 
chair became radioactive, but there 
have been other incidents in Mos- 
cow where ordinary household 
items and even foods have been 
found to be radioactive " 

Your reaction to this article, as a 
compassionate human bang, is: 
“How can I get a chair like that for 
certain people in my office, partic- 
ularly the cretin who will not stop 
humming Gary Puckett songs?" 

No, seriously, your reaction is to 
be shocked, but also to be reas- 
sured by the belief that, while there 
might be radioactive chairs in Rus- 
sia, there would never be any here. 


I wish 1 shared your optimism. 1 
wish I could tefl you that when I 
contacted the American Chair 
Council, a spokesman informed me 
that every chair sold in this country 
is subjected to a rigorous radiation- 
testing process wherein an inspector 
sits in it for a certain period of time 
and notes, on a clipboard, whether 
or not he dies. But Tm afraid 1 
cannot tell ycu this, and do you 
want to know why? Because there IS 
no “American Chair Council" And 
wen if there were. I am way too lazy 
to contact it. This is a perfect exam- 
ple of the lackadaisical “whocares" 
attitude that pervades our society 
and makes us perfectly capable of 
producing radioactive chairs. 

So we have reason to be con- 
cerned. But we should not panic. 
Perhaps it will help if we remember 
that radiation also benefits man- 
kind in ways that were never before 
possible. 1 am referring, as you may 
already have guessed, to microwave 
grape racing. 

I found out about microwave 
grape raring from Greg Jacobs, a 
student at my alma mater. Haver- 
ford College. Basically, here's bow it 
works: You put a thin film of sun- 
flower oil oa the floor of your micro- 
wave oven, and then you line some 
grapes up against one tide, with the 
holes pointing at the walL Then you 
turn the microwave on fuD power, 
which heats the grapes' interiors un- 
til steam goes shooting out the holes, 
thus turning the grapes into little 
organic rocket engines that scoot 
across the lubricated oven floor. 

WARNING: THE PROCE- 
DURE DESCRIBED IN THE 
PREVIOUS PARAGRAPH IS 
NOT APPROVED BY THE 
AMERICAN MICROWAVE 
COUNCIL OF THERE IS SUCH 
A THING) AND COULD BE 
HAZARDOUS TO YOUR 
HEALTH. ON THE OTHER 
HAND, WE HAVE ALREADY 
ESTABLISHED THAT YOUR 
SPATULA COULD BE GIVING 
OFF MORE RADIATION THAN 
CHERNOBYL. SO WHAT DO 
YOU CARE? 

Thus we see that radiation, if 
used wisely, can provide important 
benefits to humanity for many 
years to come. Although you, per- 
sonally. might not see this come to 
pass, especially if you are touching 
this newspaper with your bare 
hnntU 

Knighi-Ridder Newspapers 


Normandy’s 50th- 


asion 


Jiuernmionai Herald Tribute 

P ARIS — The Longest Day ever 
lengthens. The 25th anniversary cele- 
bration of the First Normandy landing 
lasted three days; the 50th will spread out 
over a year. On that terrible and trium- 
phant day, June 6. 1944, 153.000 Allied 
troops and 70.000 Germans engaged in the 

MARY BLUME 

start of a long campaign (the liberation of 
Caen alone cast the Allies 30,000 casual- 
ties). The number of veterans and tourists 
expected to visit the battle sights this 
spring cannot even be estimated. 

“I would be talking nonsense if I even 
tried to give you a figure," said Jean- 
Oaude ttemais of the Comite Regional de 
Tourisme de Normandie at a recent press 
conference. Piety, nostalgia and hard- 
nosed Norman practicality have brought 
three departments together to coordinate 
festivities with a view not only to a shot 
iimi» gain in bleak times but to ensure, with 
the opening of the Channel tunnel, a 
steady flow of tourists in coming years. 

In addition to 350 events such as a 
1940s-ja2Z festival and a 23-hectare (57 
acres) flower show at Caen, three new 
museums will commemorate the landings 
for future generations. 

“The veterans are only interested in 
their own sites," Demais said. The veter- 
ans wbo faithfully attend D-Day com- 
memorations are also a dying breed. The 
aim is to make the landing beaches — 
Juno. Omaha, Utah. Gold and Sword — 
and combat zones into a permanent tour- 
ist circuit with modern technological 
props such as data bank and CD-ROMs. 

Each year the Comite du Debase- 
ment (D-Day Commemoration Commit- 
tee) quietly holds ceremonies at one of the 
landing beaches. Last year 3,000 veterans 
attended. At this year's ceremony, orga- 
nized by the French government at Omaha 
Beach, 45,000 veterans whose credentials 
have been inspected by national commit- 
tees will be welcomed and supplied with 
chairs. Queen Elizabeth II, Presidents 
Francois Mitterrand and Bill Clinton will 
attend, along with leaders from Canada. 
Belgium, the Netherlands. Poland. Nor- 
way and Luxembourg, whose grand duke 
participated in the landings. 

Germany has not been invited to the 
official ceremony but German visitors and 
veterans, already numerous each summer, 
will be welcome after June 6, Demais said. 

This year also marks the 50th anniversa- 
ry of the liberation of Paris, which will 
undoubtedly be amply feted, and the liber- 
ation of the south of France, which should 
came a problem of logistics, the landings 
having taken place in August on what are 
now the teeming beaches of Saim-Tropez. 


mm 

H 

■ ' ' JO J 










PiOkk ftneukr/Sypn* 


Among the tnexooriais commemorating D-day is tins statue in 


Tour operators worldwide are organiz- 
ing battalions of visitors. Battlefield tour- 
ism has become increasingly popular, as a 
World War l poet, Philip Johnstone, grim- 
ly forecast in a 1918 poem describing a 
tour of High Wood, site of a three-month 
battle in 1916: 

Observe the effect of shed-fire in the trees 
Standing and fallen; here is wire: this trench 
For months inhabited, twelve times changed 
hands . . . 

And in that dug-out (genuine) we provide 
Refreshments at a reasonable rate. 

You are requested not u> leave about 
Paper, or ginger-beer bottles, or orange peel. 
There are waste-paper baskets at the gate. 


Specialized lour operators offer such 
brochures as “The 82a Airborne Division 
Association presents . . . The Invasion- 
of Normandy 50 Years Later!" The most 
spectacular wfl] be a QE2 cruise to Cher- 


off er such 


bourg including World War Q big bands, 
movies and newsreels and the presence of 
Dame Vera Lynn and the 91-year-old Bob 
Hope. 

There have been reports of British veter- 
ans traveling on their own finding their 
hotel reservations, made in 1990, had been 
given to a higher-paying American torn 
operator. Demais said such incidents were 
extreme ly rare and regrettable and added 
that locals have offered to make rooms 
available free of charge to bona fide veter- 
ans. 

D-Day was only the start of the Nor- 
mandy campaign which lasted to late Au- 
gust at high cast to the civilian population 
as weB as to troops. The dries of Le Havre, 
Rouen, Evreux, Cherbourg, Saint-Ld, 
Caen and Alen^on wiQ have exhibitions in 
which locals recall, through pawitmy and 
drawing, what they endured 50 years ago. 

In mid-July, Rouen wfi] organize an 


armada of sailing ships as it did for the 
bicentennial of the French Revolution in 
1989. tins rim* followed by World War H 
warships. Even Deauville will add military 
vehicles to its Bastille Day parade. 

Bus and boat tours of the landing 
beaches have been organized, and between 
Caen and Bayeux vintage jeeps will be 
available. There trill be helicopter tours 


and one cc 
tors an old 
prices ran] 


my is ofterii 
3 to fly over 


tour opera- 
c beaches at 


prices ranging from 550 to 800 francs 
(about 590 to 5135) per person, refresh- 
ments not included. 

Rfcmy Desquesnes, a French historian, 
puts the casualties for die Normandy cam- 
paign at 200,000 for the Allies and be- 
tween 300,000 and 400,000 for the enemy. 
One of the jubilee events will be the D- 
Day Golf Qiallpngp*, held at 12 regional 
coarses, including a “Scottish style" one at 
O maha Beach. 


PEOPLE ! 

“ i 

1 

Quayle Memorabilia: 

You Just Can't Say Noe 

Just when you thought you could t 
act aiongh of D» Qiyte for free; 
out comes a new catalogue from his 
namesake hometown museum of- 


ia for sale. Thanks to a handy mail 
orris list, you won’t have to trek all 
the way to the Dan Quayle Center 
in Huntington, Indiana, for the golf 
balls ($3.50 each] imprinted with 
the museum’s logo — featuring a 
bird that one can only assume is a, 
well, quad — the Quayle museum 
glassware (set of four, $24.94) or 
the gold vice presidential tie bar 
($150, inducting signature)- The 
museum newsletter gloats that 
since the dedication in October 
more than 8,100 visitors have 
trooped through the crater, from 
“17 foreign countries" and “every 
state but two.” The two laggard 
slates were not identified. 

□ ' ‘ 

It’s official: BSty Crystal is bow- 
ing out of die Academy Awards 
ceremony after four years. “After 
three Grammys, four Oscars and six 
Come Reliefs, J*m gang to take a 
break from my hosting duties," he 
*T hope the new host has as 
good a time as I did." So far, so 
replacement has been for the 

ceremony, winch is on March 21. 

□ 

Princess Diana has accepted an 
honorary fellowship of the Royal 
Australian College of Dental Sur- 
geons, which is likely to mean a 
visit to Sydney after the Australian 
tour by her estranged husband. 
Prince Oaries, which starts next 
week. Before confirming her accep-. g 
tance, Diana advised the college 
that, as announced in Draereiber, 
rite intended to reduce die number 
of her public engagements but that 
her patronage Jinks would conticoe 
“albeit to a lesser degree." - 
□ ‘ 

The Hollywood Peach? Tommy 
Lee Jones won't, be sliding into 
home base anytime soon. The actor 
had to delay shooting scenes at 
Rickwood field in Birmingham, 
Alabama, after hurting his ankle 
while filming the movie “Cobb" in 
Nevada. Jones stars as the baseball 
legend TyCobb. 


EVTERNAXIOIYAL 

CLASSIFIED 

Appean on tfjges 7 A 13 


WEATHER 


POSTCARD 


Europe 


Today 

High Low It 
OF OF 


Ai^av. 

13*55 

6*43 

E 

10781 

9/48 s 

AmsMrMm 

8*48 

4739 

C 

0/43 

1*34 e 

AiMn 

3/37 

-4*25 

1 

7/44 

•1/31 » 

Nhfnf 

12*53 

6743 c 

14*67 

8/40 C 

BDcdoru 

l/'K 

307 

5 

M*7 

7AM a 

BMrsh 

4*3# 

•2129 

s 

7/44 

-1731 a 

HwHn 

4/39 

-1*31 

P* 

3*37 

-3*27 m 

ftlCTCfc 

7.44 

307 

pc 

SMI 

0*32 C 


3 m 

1731 

1 

6/41 

-1731 * 

Copcn/M^n 

3/37 

• 1731 

c 

2*35 

■ae-7 * 

CntaDrlSoi 

12/53 

6*43 pc 

14/57 

«M8 X 

DuMn 

7*44 

205 

5ll 

7/44 

■3*27 Hi 

EiMm^i 

6M3 

173* 

sh 

6M3 

0732 *h 

Rcnna 

8*48 

307 

3 

12*58 

8743 a 

FmMwt 

4739 

-IJOJ 

PC 

8743 

in* c 

G mm 

1/3* 

-3727 

3 

2735 

-2129 a 

heb«M 

1/M 

-4725 

■n 

■2729 

8/18 V 

hxartxX 

7M4 

3737 

*i 

11/52 

6143 ■ 

LaaPafen» 

207M 

12*53 

pe 

21/10 

14*57 pc 

La toot 

13755 

8M3 

3 

14*57 

9/48 > 

Lord* 

8(46 

3*37 

c 

7/44 

104 sh 

Maittl 

7*4* 

-27» 

3 

11*52 

2/35 a 

M8an 

8/43 

•1*31 

9 

8746 

235 S 

Moscow 

■2/29 

-7720 

* 

1734 

-4/25 c 

Uind) 

5/41 

•2729 

3 

7/44 

-2729 c 

Mca 

12/53 

3*37 

9 

1S/W 

7744 i 

Oslo 

2*29 

■6*22 

91 

-8*29 

-7720 m 

PWm» 

10*50 

4739 

9 

13/55 

BM6 | 

Pam 

87*3 

2*35 

c 

8**8 

2*35 c 

Pragur 

307 

■3*37 

pc 

4/39 

-3727 e 


•1*31 

•3*27 

* 

002 

-4*25 c 


8/46 

1*3* 

3 

11*52 

4/39 a 


Forecast for Sunday through Tuesday, as provided by Accu-Weather. 


v- % 

'So 


SI FWnlvi ora .9/19 sf -4.86 -7/30 * 
Stadewan -ioi c in* jot » 

snstou? 5HJ 002 S 7/44 205 S 

ToBrm in* -3*27 W -20* -700 «l 

Vans. TIM 205 a 10*50 4*39 a 

w™ W? -209 * 5741 -tm pc 

Wmn J*3£ 107 pc in* -2729 an 

Zofch 5*41 -lOI 5 G/*3 lO* a 

Oceania 

AucLtend !?» 17/B I 26779 17*2 pc 

Sylrmy 28*32 17(12 s »7B2 22771 pc 


North America 

A January maw win reach 
ihe Northeast this weekend 
and last nto earty nexi week. 
Temperatures will rise above 
freezing from Washington. 
D.C.. to Boston Sunday Mo 
Tuesday. Bain is poss&e by 
Tuesday. Welcome ram will 
spread mio San Francisco 
and Portland. Ore. 


Middle East 


Europe 

High winds will sweep 
across the North Sea Into 
Denmark and southern 
Scandinavia Sunday and 
Monday. London Oiraugb 
Paris wo be windy wkh a lew 
showers Sunday, then dry 
weather is expected early 
next week. Heavy rains wW 
be confined to toe soulh cen- 
tral Medkenanean See. 


Asia 

Temperatures will be near 
normal over China by early 
next week. Sunshine writ 
boost temperatures to near 
or Slight ly above ncnwl hem 
Shanghai to Be$ng by Tues- 
day Snow sguate will poimd 
northwestern Japan, indud- 
ng (he Sapporo area. Local- 
ly heavy rains win soak Ihe 
northeastern RiSppirK. 


Latin America 

Tg*n ToaaoRow Today Tomorrow 

Kelt Low w Mgb Low W High Low W Mgh Low W 

OF CjF Cff C* C7F OF C7F C7F 

BeftU 18*8* 13(55 pc ISAM 12*63 c Bum* Aina 20/78 IB'S* 1 28*82 20(88 pc 

C*fao 23773 11752 pc 21/70 12753 pc Caracas 29 <84 23.73 SK 29.114 24-73 (K 

Damascus 18(61 77** s 1SIS9 57*1 pc laws Z5/77 19*10 pc 2577 »*W pc 

Jansriam J0/8J 9«6 * 15/59 £V*B pc MmccoCPy 19*66 7/4* c 19*6 7'44 c 

Lira 55(95 11752 pc 33*91 13*56 s ftodaJarwao 27/SO 23.73 1 XV SJ/73 pc 

Kywti 25/77 3**B 3 28*82 12*3 pe Sartoga 28*82 10*50 s 29*8* «2« » 

Logon rt s swwy. pc-pa/Df CkxiCv. octoudy. jtvsnowora. LSaaxtamonns. r-ra*i. d-9W* lliarea. 
wvsnpw.Hce-W-Weatner. Al maos, forecasta and data provIdBd by Accu-Weattwr. toe.*; 1968 


Today 

High Low 
of ar 
Bangle*. 33*51 20(68 

B«an9 -2-T9 -14/7 

HWojKong 17*82 12*53 

Maria 29(8* 23-73 

NawDaM 19(60 7744 

Sax* -ITS -1*77 

SsortiB 7/44 -STfll 

Sngapxa 28*82 2*775 

Tape 17 AH 8MB 

Team trs -2 oa 


Alps* 12/53 9/48 tfi 12(53 BMB Ml 

Cape Town 21/73 11*52 s 21/70 12(53 1 

Cas atJanca 11*52 4*38 pc 13/S 9/41 a 

Hwa 22-71 TM* 3 27*80 * MS S 

Lagca 31-88 2**75 * 31*80 34/78 pe 

Mwntn 2**75 9M8 ■ 27/80 12*53 s 

Turn 12 53 6<43 C 12/53 *09 I 

North America 

•iKknp -27» 10*15 sn -6*22 -10M pc 
AXaVa T2--3 IO« » 13-59 3/37 S 

Bone -1 275 -10 ■9 i 205 -3727 pc 

a*co7> IT* 5(24 pc 6'*3 -1731 pe 

Owww HO/ i 29 7 1457 -3.29 s 

Deir* .1*31 O'lB c 21 36 -1731 p: 

HjraAAj 2377 19-6E pc 2*75 1900 pc 

Htmsmo 12*55 8.46 sh 20*68 9-48 pc 

laiAnpaMs 19 66 13*0 c 17TR 8.46 rii 


\»=wy 

Nawfci* 

d wn 

SanFrsr 

Soar* 

hrcMs 

■f*urm?zr\ 


Film Transforms Beacon (Pop. 13,243 + Paid Newman) 


By Jacques Steinberg 

New York Tim es Struct 

B EACON. New York — John Griffith had 
always planned to tear down the rusted, 
mildew-green Quonset but that serves as a ga- 
rage for his fuel oQ company. But that was 
bdore he. and his garage, went Hollywood. 

• On a chilly, gray morning this week, Griffith 
watched as Paul Newman shuffled across the 
company’s driveway and ducked under the ga- 
rage's big door in a scene for a comedy called 
“Nobody’s FooL" The movie, which stars New- 
man. Brace Willis, Melanie Griffith and Jessca 
Tandy, has been filming in and around this 
small Hudson Valley city since mid-November. 

“1 thought tins was the dirtiest, rottenest 
garage in creation, and I was embarrassed by 
it," said Griffith, 59, shivering on the sidelines 
as Newman repeated his entrance under the 
watchful gaze of the director. Robert Benton. 
“Now these guys come and say it's just perfect. 
Now it’s historic!" 

These have been heady, stars truck days in 
this city of 13243. Beacon has gone out of its 
way to welcome a movie crew that, local offi- 


cials hope, could help reverse the area’s eco- 
nomic fortunes. 

At a time w hoi layoffs at several nearby IBM 
plants have left people’s spirits low, city offi- 
cials were so excited to have “Nobody’s FooT 
made here that they postponed a $400,000 
street and sidewalk renovation project far six 
mouths because the producers wanted the city 
to look as run-down as possible. The filmmak- 
ers gave the city a $40,000 “location fee’’ to 
offset the inconvenience and pay for services 
like police protection and garbage pickup. 

To transform Beacon into North Bath, the 
fictional town that is hone to the film’s cast of 
eccentric characters, the producers built tempo- 
rary facades far mote than a dozen Main Street 
businesses. Many of the 19th-century brick 
shops were given new names and stocked with 
different products, winch has led to some confu- 
sion. A man unknowingly walked into the fic- 
tional Hopkins Hardware and demanded to buy 
a sow sbovd, only to be told that the shovel in 
the store window was a movie prop and he was 
actually standing in Beacon HrD Antiques. 

More than anything, however, it is the almost ' 


daily presence of the movieft stars that has 
generated the biggest buzz, with Newman, sX an . 
astonishingly youthful 6!L attracting swarms, of, 
nrirnir w* with camera s and camcardera.- In the 
comedy, based cm anovd by Richard Russo and 
scheduled far release in the fall, Newman plays a 
hand-hick construction worker hying ta tnra his 
life around, in spite of skeptics like Ins sometime 
boas, played by WQIis^ and the boss’s wife, 
played by Griffith. Tandy pkys Newman's land- 
lord and farmer eighth-grade teacher. 

The movie has already made celebrities of 
- some townspeople; including Frank Inness. 41, 
a construction worker, and Bob Fiodano.^ 42, an 
unemployed security guard, who won roles as 
extras in the production. They play garbage 
coflectois and have already acted in a scene 
with Newman at a local diner. 

Picriano, a smiling, bearded man who weight 
345 pounds Q56 kilograms), said he is now 
called Mr. Hoflywood by Iris pals at McAuley , 'S 
Tavern in Poa&hkeepsie. “I was in a high school 
play once,” he said, recounting his previous 
theatrical work. “I dosed the curtain in time 
with the music and 1 was a hailiff in a court 
seme. But that was 24 years ago.” . 


Travel in a world without borders, time zones 

or language barriers. 


cam ** com ‘ * rnagine a world where you cap. call country to a »Lr.:ry as cum! \ as you can from home. And 

reach the US. directly from over 1 25 countries. Converse ^ :;h ^ir.eone who doesn't speak your 
83t; language, since it's translated instantly. Gill your clients 3 *!.n- kn- *w i;-,g they i! gel die message in 

y ' you r voice a t a more polire hour. .All this is nor. possoie v. ;:h AJlil • 

c ■' To use these services, dial rhe AfifiT Access Number ni the ,;:ntry you're in and you'll get all the 

help you need With these Access Numbers and your AIKT Calling Gird, interr-adonj! calling never been easier. 

if you don't have an AI&T Calling Card or you'd like more information on A7KT global sen ices, just call us using the 
convenient Access Numbers on your right. 


AT&T 


AKT Access Numbers. 

How to call around the work! 

1. L -ingihc churt bck*v firtU il\oo.iurury you nrtr cutting from. 

- tXii tit o ifrwponiiinB .<Kr Number 

A .'Ut Kndtsli-sixakinn «D)ietauiro7 Wtuc- prumjx ■o.-ill jj*k foi the phone number you wish to call or conmra vx*u 10 a 

cu-4- mier >eTvice teprextnuitlce. ' 

roreccncjtJurra'evMUlrt airouf.J^sAccessNumb^ 

Ovcountry ywrrc in and ask for CustomcrServicc 

COUNTRY ACCESS NUMBER COUNTRY ACCESS NUMBER COUNTRY ACCESS NUMBER 

ASIA/PACIFIC Htmgary" 00*-S0001H1 Chfle . . ' : 00*-03I2 

0014-881-011 IrelacuTu 99»001 Colombia 980-11-OnO 

CbbxiJPKC^ ^0811 Ireland 1-800^50000 icnnlKn-. 777 

Guam 018-872 iS? ~~ ' 172-10ZI ^ 

L»4)011 HSaJvadcrt 


HoxigKong 

India** 

Indonesia* 

Japan* 

Korea 

KoreaAA 

Walay^iar 

New Zealand 
Pbiltppines* 
IhBShrOfcweow} 

Saipan' 

Sirpapiifc- 

SrtLinka 

Taiwan* 

Thaibrxi* 


0014-881-011 Ireland** 

10811 Ireland 

018-872 Italy* 

8001111 Liechtenstein* 
000-117 Uihnanla» 
00-801-10 LtLvemiviura 

L/py-llt Maha* 

009-1 1 Minmy 

iy; Nethrrhmds* - 

800-0011 Norway 
n QO-9 \ 1 Poland*.** 

105-11 Portngat* 

155-5042 XiwimM 

235-2872 Slovakia 

?O>0m-l!l Spain 
3KM30 Swedetr 
0080-10288-0 

VJL 


Guatemala* 

_ O-HOOOIH Guyana^* 
__QggO«0.11ty 

- - MtsdooiaaA 

— 

ggo-iw-M 

0*0HM8<HniX ^ 

—■ ^ 1 : 2aa s5^r- 

^° <> ^ Z88 Uruguay 

«M2O-OOl0t — - 

" 9009990-11 

020-795-611 ' 

T SS5S ^ Ma ” - 

050W*W0« 


Suriname 


Armenia** 

toiria**** 

IMgmm’ 

ItuUaru 

Croatia*. 

Csprus" 

QgghRep 

Denmarit* 

p inland* 

France 

Germany 

Greece* 


EUROPE Mmrwy yAgr ‘ — ftWAV-L 

8 *l 4 l 1 l Bahrain - mWl - Caymanlsiands 

022 - 905-011 Egypr (Ca iro) 51 O 4 SQ 0 . Canada* 

(TK-mimo Israel 177 - 100 - 2727 ; Baht 

OO-j‘ntWiOH '1 Kuwak SED -288 

99 - 38-0011 Laraaonpdbret) - 426-801 Wetfa-Amfl 

own-omm Saudi Arabia 1 - 800-100 ‘ ScKka^tevis 

0042000101 Turkey* 0000012277 jj 

AMER ICAS' 

9800 - 100-10 Ajgentina* - ' 00 ] ^ 0 &. 20 Q.ini GmttT 

19*-0011 Befaea ' . - - Kenya* 

01304)010 Bottvia* . 0600-1111 U talk ' 

00 « 0 ®’ l 3 n BrazR ooojwin ^ ■ 


003^00-200.1111 Gmaitbr ~ 

1 555 Kenya*. ' 


<VB00-ini . Ifccri* 
0008010 ^Mabwf 4 - 


Chfle ... - 004-0312 

Cokj * Db * a 990-11-0010 

: Cosoi Rka*n ' 114 

Bcua'cbf* ■ 119 

HSahadarti • 190 

• Gua teoab * .... 190 

Guyana-* l65 

tfondurasW ' 123' 

MeriooaaA ~ 95400-4624240 

MraragaaOtimagM) 174 

Pa tum a a . 109 

F«u*. ' 191- 

Suriname . 156 

Uroguay 000410 

Venezuda** 80011-120 

CABlBBBAUf 

Bahanm l-80Qg72-«8i 

■ Benpuda* - ■ i-aoo-872-2881 

•BAfafaVJ.' . 1-800-872-2881 

CaynanMands , - - 1-80QB72-2B81. 
. Grenada* l-aOOTO-2881 

Haiti* .001-800-472-2883 

Jamaica** - : Q8QQ822-2881 

Hetfa. Antfl 001^00-872-2881 

■ ajto/Nevb . 1-600872-2881 

AHffCA 

gbflff : ~ - 

Gmaar • • aom - 

Kenya*. . . ; oaoo-ift 

IRwrik ■ 797-797 

jaabwf*^ 1 .-. 101-1992. 


■ bhijc»i.(jiiI..j^.. jjl..., -i«rm Hrrgnriif<Tiiyi i ~ 1 1 . ■ ...u., , • . 

iiii 1 1 r^’.^LTL ^.*1 "riWfci^Ma^a im k mt i n to uMw wfc aW l iioa iik ^ i i Bi, 

. 'IZSSiESSSF?*?''----''- ' 

^ i*ni, . jKur»WM<8xwBBWfciifctfaB^dnw*^i*. .